Roman Abramovich established the Russian football development foundation with a RM99mil annual budget but the overall foundation expenses then reportedly grew to RM664mil. – EPA Photo
MOSCOW: Russian billionaire Roman Abramovich has decided to wind down his Russian football development programme that saw the Chelsea owner plough tens of millions of dollars into the sport in Russia in recent years, his representative said on Wednesday.
The decision was taken as Abramovich’s National Football Academy (NAF) foundation had achieved all of its aims in the development of Russian football, Abramovich’s representative John Mann told AFP.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
