Roman Abramovich to sell Chelsea and proceeds will go to Ukraine war victims

Chelsea’s Russian owner Roman Abramovich has said that he has made the “incredibly difficult” decision to sell the Premier League club and proceeds would go to victims of the war in Ukraine.

The Russian billionaire says he believes it is in the “best interest” of the Champions League holders if he parts ways with the club which he bought it in 2003.

Swiss billionaire Hansjorg Wyss claims he has been offered the chance to buy the club.

Abramovich is owed £1.5billion by Chelsea after buying the club in a £140m deal in 2003, but says he will not ask for any of the loans to be repaid.

Abramovich is attempting to broker peace between Russia and Ukraine, according to his spokesperson, and says he has instructed his team to set up a charitable foundation where all net proceeds from the sale of Chelsea will be donated for the benefit of all victims of the war in Ukraine.

This comes days after Abramovich said he was handing over control of Chelsea to trustees of its charitable foundation following Russia’s invasion of Ukraine.

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