LIFESTYLE
Ukraine-Russia: Chelsea FC’s oligarch owner hands off ‘stewardship,’ may look to sell ahead of sanctions
Abramovich issued a statement Saturday on Chelsea’s website, saying he has “always viewed his role as a custodian of the Club” and said that handing over “stewardship” to trustees of Chelsea’s charitable Foundation would keep the club’s “best interests at heart.” He did not make any mention of ownership or intentions to sell the club, but reports have claimed he is either looking to sell the club or cash in on a substantial $2 billion loan.
Following Russia’s invasion of Ukraine on Feb. 24, the West responded with swift condemnation and severe sanctions. Abramovich has not yet been named by the United Kingdom on its list of sanctioned individuals.
If the sale occurred, Abramovich would want to get the value of his loan – $2 billion – rather than just the present value of the club, meaning it would rank as the biggest takeover not just in England but in Europe overall.
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Russian conscripts reportedly forced to sign military contracts, losing contact with family
Parents of Russian conscripts who say they’ve lost communications with their loved ones are pleading with Kremlin officials for answers as to where family members have been sent amid concerns they have been forced to sign contracts to fight as part of President Vladimir Putin’s invasion of Ukraine, according to the report.
Olga Larkina, the director of…
