There is a new date of Mar 2, 2022.
Roman Abramovich said Wednesday he is selling his English soccer team and will donate the net proceeds to victims of Russia's war in Ukraine, ending his nearly 20-year ownership of the club.
Roman Abramovich is seen on the stand during the game. Clive Mason poses for a picture.
All net proceeds of the sale will be donated to the victims of the war in Ukraine, according to a statement fromAbramovich.
He said that the foundation would provide funds for the victims and long-term work of recovery.
The club's former owner will not ask for any loans to be repaid, even though he lent the club $2 billion.
The sale of the team won't be fast-tracked, according toAbramovich.
His announcement follows an attempt to shield his ownership of the club by handing control of it to the team's charitable foundation over the weekend.
According to Forbes estimates, the team is now worth more than $3 billion, and was purchased by Roman Abramovich in 2003 for about $190 million.
A total of $12.4 billion. According to real-time estimates by Forbes, the net worth of that person is down from $13.6 billion on Saturday.
Russian banks, members of Putin's inner circle and wealthy Russians were hit with sanctions by the U.K. Prime Minister Boris Johnson. Chris Bryant, a member of Parliament, said that he shouldn't be allowed to own a soccer club in the U.K. Keir Starmer asked Johnson why he hadn't moved to impose sanctions against the billionaire.
If the U.K. or any other country takes action against him. President Joe Biden said during his State of the Union address that the US would work with European countries to target Russian billionaires.
Israel's Holocaust memorial and museum tried to get the United States to not sanction Abramovich. The letter was written by Israel's chief Ashkenazi Rabbi David Lau and Sheba Medical Center Director Yitshak Kreiss. The museum's second-largest private donor was said to be Abramovich, according to the letter.
Russian billionaire Roman Abramovich has control of the football team.
There is sanction insurance for a $2 billion loan to a football team.
Powell says that the economic impact of Russia's invasion of Ukraine remains uncertain.
The Washington Post reported that Yad Vashem asked the US not to sanction Roman Abramovich.
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