Gary Neville has reacted to Roman Abramovich’s announcement that he intends to sell Chelsea after an almost 20-year ownership of the club.
Abramovich made the announcement on Wednesday evening amid rising fears of UK sanctions, and said the net proceeds from the sale would be used to found a charitable foundation “for the benefit of all victims of the war in Ukraine”.
The billionaire had initially intended to hand “stewardship and care” of Chelsea to the club foundation’s trustees, as outlined in a previous statement on Saturday, in a move aimed to protect the Stamford Bridge club following Russia’s invasion of its neighbour.
But he has now publicly admitted he is looking to sell up.
Abramovich bought Chelsea in a £140m deal in 2003 and is owed £1.5billion in loans, debt he says he will not ask to be repaid.
