BREAKING NEWS: Abramovich confirms ´incredibly difficult decision´ to sell Chelsea

Roman Abramovich has announced he is to sell Chelsea, saying the decision is “in the best interest of the club”.

The Russian also confirmed he is setting up a charitable foundation to benefit “all victims of the war in Ukraine”, to which he will donate all net proceeds of the sale of the Premier League club.

In a statement published via Chelsea’s website, Abramovich confirmed the sale “will not be fast-tracked but will follow due process”, adding he will not be asking for loans to be repaid by the club.

“This has never been about business nor money for me, but about pure passion for the game and club,” he said.

“Please know that 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.

“I hope that I will be able to visit Stamford Bridge one last time to say goodbye to all of you in person. It has been a 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.”

Abramovich, who bought Chelsea in 2003, has come under intense scrutiny in the past week following Russia’s invasion of neighbouring Ukraine.

The 55-year-old oligarch has been photographed with Russian president Vladimir Putin in the past, and while it was claimed last week that Abramovich has no involvement in politics, a spokesperson for the Blues’ owner suggested to the Press Association on Monday that he was “trying to help” achieve a peaceful resolution to the conflict.

Russian businesses and high-profile individuals have been hit with crippling financial sanctions by nations all over the world since the attack began last Thursday.

It is unclear if Abramovich has been impacted directly yet, but on Saturday he announced he was giving “trustees of Chelsea’s charitable foundation the stewardship and care of Chelsea”, a move that shocked English football despite there being very little clarity as to what exactly it actually meant.

Swiss billionaire Hansjorg Wyss told Blick he had received an offer to bid for Chelsea this week but would only be interested in buying the club as part of a group of “six to seven investors”.