Chelsea owner Roman Abramovich suffers $543m loss in a day

Chelsea owner Roman Abramovich suffers $543m loss in a day

- All can be said not to be well with Chelsea owner Roman Abramovich

- His team Chelsea are struggling this season in all competition

- And he has lost over $543m in a single day due to US sanctions over Russia

These are tough times for Chelsea owner Roman Abramovich as his team are struggling in the field of play and also some personal development from Russian that is believed to be negatively affecting the billionaire.

Chelsea are almost certain to miss out on Champions League qualification this season - the Blues lie fifth with just five games to go - and have had to deal with consistent speculation linking manager Antonio Conte to a summer exit.

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And it seems as if the ill luck have transferred to owner Roman Abramovich if a recent tweet emanating from his Russian homeland is anything to go by, things have just gotten worse for the oligarch.

Abramovich lost out on half a billion dollars in a single 24-hour period and it was all down to sanctions that the United States has just imposed on 50 of Russia's most wealthy businessmen.

The financial hits come as part of the US backing the UK's stance over the alleged poisoning of agent Sergei Skripal in Salisbury last month.

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With Abramovich being one of the highest earning individuals of Russian origin, it's no surprise to see him sent reeling by America's sanctions. What is fairly shocking though is just how much cash he has just lost out on.

Russia meddling in the 2016 Presidential election could also be another reasons for the sanctions.

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Source: Legit.ng

Authors:
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Khadijah Thabit (Copyeditor) Khadijah Thabit is an editor with over 3 years of experience editing and managing contents such as articles, blogs, newsletters and social leads. She has a BA in English and Literary Studies from the University of Ibadan, Nigeria. Khadijah joined Legit.ng in September 2020 as a copyeditor and proofreader for the Human Interest, Current Affairs, Business, Sports and PR desks. As a grammar police, she develops her skills by reading novels and dictionaries. Email: khadeeejathabit@gmail.com