Roman Abramovich looking to sell Chelsea FC

• Abramovich previously said last week he would be turning over "stewardship and care" of Chelsea FC" to the club's charitable foundation.

In his statement Wednesday, Abramovich said he would set up a charitable foundation to take all net proceeds from his sale of the club.

• "The foundation will be for the benefit of all victims of the war in Ukraine," Abramovich wrote.
• Between the lines: The statement is the closest Abramovich has come to publicly condemning Putin's invasion of Ukraine.

What he's saying: "I have always taken decisions with the Club’s best interest at heart. In the current situation, I have therefore taken the decision to sell the Club, as I believe this is in the best interest of the Club, the fans, the employees, as well as the Club’s sponsors and partners," Abramovich wrote in a statement.