Russian oligarch Roman Abramovich to sell Chelsea FC
Russian oligarch Roman Abramovich confirmed on Wednesday that he will sell the Chelsea soccer club.
Abramovich said he instructed his team to set up a charity for the victims of the war in Ukraine where all net proceeds from the sale will be donated.
"The foundation will be for the benefit of all victims of the war in Ukraine. This includes providing critical funds towards the urgent and immediate needs of victims, as well as supporting the long-term work of recovery," Abramovich said in a statement.
Abramovich said the sale of the club will not be fast-tracked.
"This has never been about business nor money for me, but about pure passion for the game and Club," Abramovich said. "This has been an incredibly difficult decision to make, and it pains me to part with the Club in this manner. However, I do believe this is in the best interest of the Club."
-ABC News' Zoe Magee