LONDON, May 28, — Roman Abramovich said today owning Chelsea had been the"honour of a lifetime" after the Premier League club said the sale to a consortium led by Todd Boehly, the co-owner of baseball's Los Angeles Dodgers, was expected to be completed by Monday.
"It has been an honour of a lifetime to be a part of this club," the 55-year-old Russian said in a statement. The government does not want Abramovich to receive any of the proceeds from the sale, which will instead go into a frozen bank account to be used for charitable purposes. The Portuguese government has also ratified the sale. Portugal's approval was required because Abramovich holds a passport for the European nation.Chelsea have been transformed since Abramovich bought them in 2003 for just £140 million at a time when Manchester United and Arsenal were the dominant forces in the Premier League.
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