Funds from Chelsea sale remain unreleased by the Government
According to a report by Daily Mail, Chelsea owner Roman Abramovich’s net worth has plunged by a whopping £2.4billion as the global economy suffers due to the ongoing coronavirus outbreak.
Coronavirus has affected the world on a large scale, with shut-downs enforced in most parts. And as a result, it has affected the stock market as well.
Daily Mail claims that Abramovich’s fortune still stands at £10.95billion but the reported loss is quite a hit when one considers the big picture.
Our owner since 2003, the Russian billionaire hasn’t been anywhere near Stamford Bridge since May 2018 due to the UK government’s failure to renew his visa (h/t Daily Mail).
Although Abramovich initially planned to embark on an ambitious project to oversee a £500m rebuild to turn Stamford Bridge into a state-of-the-art stadium, his visa issues have brought about a halt to his vision.
The disease that originated in China has affected the world and it has made things pretty miserable for everyone around. It is important that safety measures are followed strictly as it is important to keep the spread to a minimum.
Abramovich’s losses are a hit and let’s hope he is able to recover from the losses and keep the club going strong.
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