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Roman Abramovich rose from a penniless background in Russia's frozen north to become a multi-billionaire and a celebrity football tycoon, but his empire is teetering on collapse after Russia's invasion of Ukraine.
LONDON (AP) — European and world soccer champion Chelsea was among the assets of Roman Abramovich frozen by the British government on Thursday after he was sanctioned for his close relationship with Russian President Vladimir Putin.
The UK government's decision to freeze his assets cripples the activities of Chelsea Football Club, the jewel in Abramovich's crown, and delivers another crushing blow to his business realm. As speculation swirled that he was about to be targeted over his alleged Kremlin links, Abramovich announced he was selling the Premier League side "in the best interest of the club, the fans, the employees, as well as the club's sponsors and partners".
Before Nikita Mazepin made his Formula 1 debut, the sport was not unfamiliar to Russian drivers.
A consortium led by US businessman Todd Boehly and Swiss billionaire Hansjorg Wyss has made an offer to buy Chelsea from Roman Abramovich, according to British media reports on Tuesday.
TSN Senior Correspondent
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As the conflict continues in Ukraine following an invasion by Russian forces, one of the people the world has kept an eye on is President Volodymyr Zelensky.