Russian oligarch Abramovich to sell Chelsea soccer club

• Net proceeds from the sale of the club to be used to “benefit all victims of the war in Ukraine”

• Abramovich bought London-based Chelsea in 2003

Russian oligarch Roman Abramovich said that he will sell the Chelsea soccer club. This comes after Russia’s attack on Ukraine.

Abramovich also said a foundation will be set up to use all net proceeds from the sale of the club to “benefit all victims of the war in Ukraine.”