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Chelsea denies Abramovich leaving
England - 21 February, 2007
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Russian billionaire Roman Abramovich, owner of English Premier League champions Chelsea, may be looking to sell the club according to rumours.
The allegations were denied by the club but Abramovich has not appeared at many of the club's matches in recent weeks and the club posted a USD 156 million annual pre-tax loss this week – the third biggest in the sport's history.
The loss this year is an improvement over the record-breaking USD 280 million loss of last year.
"We have had several conversations with Roman and I can assure you his interest in the club has not waned one iota," said Bruce Buck, Chelsea's chairman.
"In signing the accounts, both the board and the accountants have taken a view that funding for Chelsea in the reasonable future is secure.
"In 2005, when we developed the five-year plan, Roman Abramovich was overviewing the process and creating the five year plan. He was supportive of it then and supportive of it now."
Chelsea has vowed to start turning a profit by 2010.
The allegations were denied by the club but Abramovich has not appeared at many of the club's matches in recent weeks and the club posted a USD 156 million annual pre-tax loss this week – the third biggest in the sport's history.
The loss this year is an improvement over the record-breaking USD 280 million loss of last year.
"We have had several conversations with Roman and I can assure you his interest in the club has not waned one iota," said Bruce Buck, Chelsea's chairman.
"In signing the accounts, both the board and the accountants have taken a view that funding for Chelsea in the reasonable future is secure.
"In 2005, when we developed the five-year plan, Roman Abramovich was overviewing the process and creating the five year plan. He was supportive of it then and supportive of it now."
Chelsea has vowed to start turning a profit by 2010.
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