Reuters reveals Chelsea FC’s banker says Abramovich’s exit will not be rushed

Reuters exclusively reported that Russian billionaire Roman Abramovich will not rush his divestment of English football team Chelsea FC, even as Britain is considering sanctions against him. Chelsea FC tapped Joe Ravitch, the co-founder of investment bank Raine Group LLC, to find a buyer after Abramovich decided this week to put the football club he has owned for 19 years up for sale. The move follows Russia’s invasion of Ukraine that has triggered an international backlash against businessmen with close ties to Russian President Vladimir Putin.

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