Chelsea Just A Hobby For Abramovich Says Judge

Filed under: Chelsea, Roman Abramovich

Roman Abramovich

UK High Court Judge Mr. Justice Christopher Clarke has claimed that Russian Billionaire Roman Abramovich’s ownership in Chelsea is just a “hobby and leisure interest” during his courts initial hearing of a case brought against Abramovich by Yugraneft, a bankrupt Russian Oil Company that is claiming it was defrauded out of a 50% Siberian Oil Field stake.

Ruling that the case can not be heard in the UK because of the lack of time spent there, Justice Clark brought about the 2003 purchase and subsequent 600 Million Pound Abramovich pumped into Chelsea saying “It is not a business investment. The sums that Mr Abramovich has given to the club far exceed any return that could possibly be expected.”

image via Deadspin

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Posted on Oct 31st, 2008 by  dunny 

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