Chelsea owner Roman Abramovich has written an open letter to Chelsea fans revealing that he has taken the decision to sell the club and use any net profits to set up a charity to help those hurt by Russia's invasion of Ukraine.
Abramovich, a Russian oligarch, is expected to have his assets frozen by the UK Government as a result of Vladimir Putin's invasion of Ukraine, which would likely include Chelsea Football Club, meaning that he would no longer be able to inject funds into the London outfit.
According to Matt Law, the generally reliable reporter from The Telegraph, a conglomerate of American billionaire Todd Boehly and Swiss billionaire Hansjorg Wyss are expected to make a bid imminently.
'This is in the best interests of the club'
The full statement from the departing Chelsea owner read: