"Roman Abramovich's tenure at Chelsea was marked by unrestrained spending and numerous violations, including tens of millions in off-the-book payments to various stakeholders, which raised serious concerns about the club's financial practices."
"The Premier League, now the richest and most-watched soccer league globally, began investigating Abramovich's financial dealings after the new owners alerted them to potential wrongdoing prior to their purchase of the club."
"Under Abramovich's ownership, Chelsea transformed from a club with limited success to a dominant force in soccer, winning five Premier League titles and two Champions League trophies, significantly elevating the club's status."
Roman Abramovich transformed Chelsea into a soccer powerhouse through extensive spending and rule violations, including off-the-book payments and secret investments. After being sanctioned by the British government due to his ties with Vladimir Putin, Abramovich was forced to sell Chelsea in 2022 for a record $3 billion. The Premier League, alerted by the new owners, initiated an investigation into Abramovich's financial practices. Under his ownership, Chelsea achieved significant success, winning multiple Premier League titles and the Champions League.
Read at www.nytimes.com
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