Chelsea owner Roman Abramovich announced Wednesday that he will sell the club.
"As I have stated before, I have always taken decisions with the club's best interest at heart," he said in a statement. "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."
The decision from the Russian businessman comes amid Russia's attack on Ukraine, which has reportedly killed more than 2,000 civilians. Abramovich announced the net proceeds from the sale will be donated to a foundation to benefit "all victims of the war in Ukraine.