Faced with the threat of financial sanctions targeting Russians, Chelsea owner Roman Abramovich announced Wednesday he is trying to sell the Premier League club that became trophy-winning machine thanks to his lavish investment.
The decision by the billionaire oligarch to sell his most high-profile asset is one of the clearest signs yet that Russia's business elite are feeling the repercussions of President Vladimir Putin’s decision to invade Ukraine. Owning Chelsea has made Mr. Abramovich a household name in Britain and politicians have been demanding that he be included on the list of wealthy and influential Russians hit with British sanctions because of the war.
