Roman Abramovich will donate the "net proceeds" from his sale of Chelsea to a charitable foundation supporting Ukraine's war victims.
The Russian oligarch is selling the west London club and has vowed to support Ukraine - after the widow of murdered Russian spy Alexander Litvinenko urged him to do so.
In a statement confirming his decision to sell, Abramovich wrote: "I have instructed my team to set up a charitable foundation where all net proceeds from the sale will be donated. The foundation will be for the benefit of all victims of the war in Ukraine.