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Abramovich bought Chelsea for £140million in 2003, they were frequently trophyless but one of the top 5-6 teams. Since then he's loaned them £1.5billion and the
by desas 5y ago
Abramovich bought Chelsea for £140million in 2003, they were frequently trophyless but one of the top 5-6 teams. Since then he's loaned them £1.5billion and they've won the premier league and European champions league multiple times. They're the current European and Club World Cup champions.
The football club don't own the football stadium or the rights to the name, they're on a ~180 year lease from the fan-owned trust.
Abramovich also owns some expensive property in London. MPs have been asking questions in parliament about why he hasn't been sanctioned given his close links to Putin, he has been named in the Navalny 35 and the US CAATSA
His first step was to hand over the running of the club to a charitable foundation, but then the charity commission started asking questions about it, and the directors started stepping away.