Investors Circle Russian Assets as Sanctions Tighten
- Abramovich will sell Chelsea FC, has turned down a prior offer
- Some Russians are struggling to refinance London mortgages
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Roman Abramovich has for years ignored attempts to buy his Chelsea Football Club, even as the U.K. made it hard for him to visit London to watch the team.
Now, in the wake of Russia’s invasion of Ukraine, he will sell the club -- though his advisers want at least 3 billion pounds ($4 billion).