Reports that Roman Abramovich lost a $500,000 yacht in a game of poker have been strongly denied

Reports that Roman Abramovich lost a $500,000 yacht in a game of poker have been strongly denied. “The story is absolutely, completely, entirely false,” said Abramovich’s spokesman John Mann.

Russian daily newspaper Moskovsky Komsomelets reported that the Russian billionaire lost one of the yachts from his sizeable fleet while playing poker in Barcelona last week. Several other Russian newspapers, including Izvestia and Trud, published the story, giving Italian newspaper La Repubblica as their source.