Chelsea owner Roman Abramovich has admitted that he wants to sell the club in a statement released on Wednesday evening.
The Russian billionaire had come under increasing fire following Vladimir Putin's decision to invade Ukraine and Abramovich has now states that he will not be seeking any repayment loans he has given the club, which are in excess of £1.5billion.
He also said that net proceeds from the sale will be donated to a charitable foundation created to benefit victims of the war in Ukraine.