Roman Abramovich says he has decided to sell Chelsea Football Club.

[Nevilledog]

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Idrees Ali
@idreesali114
·
Mar 2, 2022
Roman Abramovich says he has decided to sell Chelsea Football Club.

Idrees Ali
@idreesali114
Abramovich says he has instructed his team to set up a charitable foundation where all net proceeds from the sale will be for the benefit of all victims of the war in Ukraine.
11:20 AM · Mar 2, 2022

I'll buy it.......with rubles.

[Cracklin Charlie]

1. Net proceeds to Ukraine?

Bitch, please.

You know you’re selling for a loss.

[Pantagruel]

3. If you steal 20 $BILLION

spend a few B on a FC, then sell at a loss-you're not really feeling a lot of pain.Least he could do, while trying to save his "legacy".

[Pantagruel]

2. Now if the rest of the oligarchs

make similar gestures, insufficient as they might be, a consensus to stop shooting and withdraw might gain traction.

[Budi]

4. How long before the $million bounty is raised.

Seems to be a lot of eye$ glaring at Vlad.
#SanctionsAtWork

[Hav]

5. Net proceeds as in what remains after taxes

or what remains after he gets back what he paid?
Either way, if it ends up being used for a good cause (I guess victims of the war includes Russians as well), then whatever, no reason to not accept the gesture.

[CaptainTruth]

6. I did not expect this. I hope it's true.

[Raven123]

7. How would that work? Shouldn't he be denied money from anyone?

[FakeNoose]

13. The oligarch's money has already been laundered

... so it doesn't matter any more. Abramovich is the owner of the team because the previous owner sold it to him and accepted his Russian "blood money" as payment. Now Abramovich is free to sell it for whatever price and do what he wants with the dough. If he donates some of it to help Ukraine, well OK. But that doesn't help the Russian people he stole it from.

The time to freeze the oligarchs' money is when they're trying to get it out of Russia. They have to "launder" it somehow. That was the whole point of the Magnitsky sanctions.

(link) https://en.wikipedia.org/wiki/Magnitsky_legislation

[Raven123]

14. Why not just confiscate the team like the yachts?

[Frustratedlady]

8. I just ran a search for him and came up with all kinds of goodies...

A few of the names mentioned were Trump, Jared, Ivanka...Putin, of course...and Abramovich's yacht. Busy guy.

[Nevilledog]

9. Turds of a feather, flock together

[gldstwmn]

11. There were photos of Paul and Stella McCartney boarding his yacht

in the Caribbean a few years back. Most disappointing.

[crickets]

10. Interesting.

Early on it looked as though he was going to wait things out, but he's decided otherwise. He's also put a couple of London residential properties up for sale as well.

[gldstwmn]

12. They were supposed to close today meaning buyers were

already lined up. Odd.