Markets

Chelsea Owner Abramovich Becomes Israeli Citizen

  • Chelsea Owner Abramovich Becomes Israeli Citizen

Russian Jewish billionaire and Chelsea football club owner Roman Abramovich arrived in Israel on Monday after receiving citizenship of the Jewish state, local Channel 10 television reported.

“He landed today in his private aircraft at (Tel Aviv’s) Ben Gurion airport and was presented with an Israeli identity card,” the commercially-owned station said on its evening newscast.

An official at Nativ, a department of Prime Minister Benjamin Netanyahu’s office dealing with Jewish communities in the ex-Soviet Union, said Abramovich had applied for an immigration visa at Israel’s embassy in Moscow, the station said earlier on its website.

“His documents were examined under the ‘Law of Return’ and he was indeed entitled to immigrant status in Israel, and as a result he was issued an immigration visa,” it added.

Spokesmen for Netanyahu’s office contacted by AFP did not confirm or deny the report.

Israel’s Law of Return gives every Jew, or child or grandchild of a Jew, the right to Israeli citizenship on demand.

According to media reports, Abramovich’s British visa has run out and the application process for a new visa has been taking longer than usual.

Amid a spiralling diplomatic crisis between London and Moscow over the poisoning of a former Russian double agent, there have been calls in Britain for sanctions that would hurt super-rich Russians with homes in London.

Abramovich formally has residency in Jersey in the Channel Islands, a tax haven, but has never taken it up.

The Sunday Times put his wealth at 9.3 billion pounds ($12.5 billion) on its Rich List this year. He has owned Chelsea since 2003.

AFP

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Share
Published by
Samed Olukoya

Recent Posts

Centralise Regulation for our Industry, E-hailing Drivers Urges FG

In a bid to bolster the interest of drivers in the country, E-hailing drivers, under…

4 days ago

Felicia Obozuwa Takes on Key Role as FCMB Executive Director, Corporate Services

First City Monument Bank (FCMB) has announced the appointment of Felicia Obozuwa as its Executive…

4 days ago

Equities Market Sheds N931 Billion as 40 Stocks Decline in Another Bearish Session

The Nigerian equities market extended its losing streak for the fourth consecutive session Wednesday with…

4 days ago

70 Million Poorest of The Poor Nigerians To Get N75,000 From FG

Notwithstanding that the Federal Government's efforts to distribute cash to poor Nigerians have failed in…

4 days ago

Dollar to Naira Exchange Rate Today, January 16th, 2025: Black Market vs CBN Rates

The Dollar to Naira exchange rate remains a critical indicator of Nigeria’s economic landscape, reflecting…

4 days ago

Over N60.5bn Alleged Fraud: More Trouble For Impeached Lagos Speaker Over Imminent Arrest By EFCC

Stakeholders and political gladiators in Lagos State have called on the Economic and Financial Crimes…

5 days ago