What Has Roman Abramovich Done? All you need to know about what is happening to the Russian billionaire and owner of Chelsea Football Cub.
Roman Arkadyevich Abramovich is a Russian oligarch, billionaire, businessman, and politician. He’s the owner of Chelsea Football Club, an English professional football club based in Fulham, West London.
Abramovich made himself rich in the years after the fall of the Soviet Union, obtaining Russian state-owned assets for a price that were far below the market value during Russia’s controversial privatization program of loans-for-shares.
He was born on October 24, 1966, in Saratov, Russia. His net worth estimated at $13.3 billion.
What Has Roman Abramovich Done?
Roman Abramovich has been banned from living in Britain ever again due to links with the Russian government. This comes after Russia’s full scale invasion of the Ukraine.
Abramovich applied for a British Tier 1 investor visa in the year 2018, however, he quickly withdraws his application when he was identified as having connections with the Russian government.
The Daily Mail reports that Abramovich has business connections with the Russian president Vladimir Putin. He has denied the allegations.
However, in the year 2018, Abramovich found a loophole within the system, as he was granted an Israeli citizen, which allowed him to stay on the Britain until a maximum of six months stretch.
UK Foreign Secretary Liz Truss told the Daily Mail that Abramovich is not under attack, however she vowed that anyone who is connected to the Russian government would be subject to sanctions.
Roman Abramovich – described as having a "father and son" relationship with Vladimir Putin – has amassed a British property empire worth £200 million.
Not a penny of that is being touched by Boris Johnson's announced sanctions.
— Ash Sarkar (@AyoCaesar) February 22, 2022
“We have a long list of those complicit in the actions of the Russian leadership,” said Truss.
“Should Russia refuse to pull back its troops, we can keep turning up the heat, targeting more banks, elites and companies of significance.
“This is about inflicting pain on Putin and degrading the Russian economic system over time, targeting people that are close to Putin. What we have to do is make it as painful as possible.”
Abramovich is the owner of the private investment company Millhouse LLC, and became the owner of Chelsea in June 2003. After a huge cash injection from Abramovich, the club has transformed into a powerhouse in the world of football.
Since Abramovich took over Chelsea, the club has taken home 18 of the biggest trophies, which include the European Champions League twice, the English Premier League five times and has also won the FA Cup on five occasions.