Roman Abramovich confirms Chelsea are for sale and writes off £1.5bn loans

Billionaires Wyss and Boehly part of interested consortium Abramovich says net proceeds will go to Ukraine war victims

Roman Abramovich has confirmed he has put Chelsea up for sale and has written off the £1.5bn of loans he has made to the club. The billionaires Hansjörg Wyss and Todd Boehly are part of a consortium trying to buy the Premier League team.

Sources have said at least one other group is preparing to make an offer this week. There is a sense that a bidding war would help Abramovich maintain some form of leverage and the first move came when Wyss, a Swiss businessman, revealed that he had been invited to join a consortium aiming to own Chelsea.

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