Roman Abramovich to sell Chelsea: Live news and latest updates on Russian-Ukrainian war’s impact on football

Chelsea’s Russian owner Roman Abramovich has said he has decided to sell the Premier League club.

In a statement published on the Chelsea website on Wednesday, Abramovich said: “I would like to address the speculation in (the) media over the past few days regarding my ownership of Chelsea FC. As I have said before, I have always made decisions in the interest of the club, so in the current situation I have taken the decision to sell the club, as I believe it is in the best interest of the club, the fans, the employees, as well as club sponsors and partners.

“The sale of the club will not be expedited but will follow due process. I will not ask for any loan repayment. It was never about business or money for me, but pure passion for the game and the club. In addition, I have instructed my team to create a charitable foundation where all net profits from the sale will be donated. The foundation will benefit all victims of the war in Ukraine. This includes providing essential funds for the urgent and immediate needs of victims, as well as supporting long-term recovery work.

“Please know that this has been an incredibly difficult decision to make, and it hurts me to part ways with the club in this way. However, I believe it is in the interest of the club.

“I hope I can visit Stamford Bridge one last time to say goodbye to you in person. It has been the privilege of a lifetime to be part of Chelsea FC and I am proud of all our joint achievements. Chelsea Football Club and its supporters will always be in my heart.

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(Photo: Michael Regan – FIFA/FIFA via Getty Images)

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