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Following an interest in brokering peace between Russia and Ukraine, Chelsea owner, Roman Abramovich, has said he is planning to sell the club and all net proceeds from the sale will be donated to victims of the war in Ukraine.
It was gathered that Abramovich has instructed his team to set up a charitable foundation where all net proceeds from the sale of Chelsea will be donated.
He said: “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.”
Swiss billionaire, Hansjorg Wyss, claimed he has been offered the chance to buy the club.
Earlier this week, Labour MP Chris Bryant used Parliamentary Privilege to also reveal Abramovich is selling his UK home and another flat, telling the House of Commons the Russian billionaire is “terrified of being sanctioned”.
He handed “stewardship and care” of Chelsea to the club foundation’s trustees on Saturday, in a move aimed to protect the Stamford Bridge club following Russia’s invasion of Ukraine.
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.
He noted that the sale of Chelsea “will not be fast-tracked but will follow due process”.
“This has never been about business nor money for me, but about pure passion for the game and club,” Abramovich said.