Oligarch Roman Abramovich Forced To Choose Between Soccer Team And Yacht

Russian billionaire Roman Abramovich lost $20 billion this past year. And rumours are now swirling that things are so bad, he might have to sell either his soccer team or his yacht in order to break even.

Luxist: Abramovich may be so crunched by the financial crisis he is looking at selling either his Chelsea soccer team or his megayacht Pelorus. It seems likely that he would be selling the yacht anyway if he is still going to be taking delivery of his planned $350 million megayacht but perhaps the economy has hastened that decision. No other Russian billionaire is as tempting a subject for speculation so it’s hard to believe much of the news of his potential comings and goings without a listing or other proof.

This news will likely be disappointing to the people of Latvia, who have reportedly asked Abramovich to buy them.

Should Abramovich find himself with a bit of spare change, the country of Latvia has an interesting offer, they want him to buy them. For around $10.7 billion he could have an entire country at his disposal. Over 400 Lativans have signed a letter addressed to Abramovich touting the country’s benefits of hard-working people, a clean environment and”plenty of space to dock your yacht.”

See Also: Biggest Losers: Russian Oligarch Edition
Oligarch Roman Abramovich KO’s Aspen New Year’s Eve Bash

NOW WATCH: Briefing videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.