Abramovich made significant moves to establish himself in London, where he acquired property for personal use as well as for rental purposes. However, his major investment was the Chelsea football club.
During his ownership of the team, the Russian billionaire is believed to have put around $2 billion into it. In 2018, Britain revoked Abramovich's visa, leading to the sale of Chelsea for $5 billion. Due to sanctions, he won't be able to take the money and has instead decided to allocate the funds to a special foundation to aid all victims, including those affected by the conflict in Ukraine.
There are still more questions than answers regarding how Abramovich's team will handle the funds given his sanctions. It is likely that the British authorities will take control of the accounts. There's also a proposal to allocate a quarter of a billion dollars from the Chelsea sale to the development of British football.
Meanwhile, the businessman is using unconventional methods to protect his assets abroad, managing to move two of his yachts from the EU to Turkey, which may have been part of the Chelsea deal.
There were rumors for a while that Roman Abramovich might evade sanctions through a fake divorce from his third wife, Daria Zhukova. However, this theory no longer seems credible, as Zhukova has shown independence prior to her involvement with Abramovich. hide It's now evident that the most significant assets of Abramovich are in Russia, specifically in the metal and coal industries. It is uncertain whether he will be content in Russia if the billions he earned there are donated to Kyiv. However, if his dealings with the West are successful, he may choose not to return to the Russian Federation and instead enjoy luxury anywhere in the world.
Abramovich made significant moves to establish himself in London, where he acquired property for personal use as well as for rental purposes. However, his major investment was the Chelsea football club. It is estimated that over the years of owning the team, the Russian tycoon has invested about $ 2 billion in it. However, back in 2018, Britain […]
