English soccer club Chelsea of Russian oligarch Roman Abramovich has agreed the terms of the sale to an American consortium of businessman Todd Boly. The deal amounted to 4.25 billion pounds sterling ($ 5.2 billion).

This is reported by the BBC.

The club says that £2.5 billion ($3.08 billion) of the total amount will be spent on the purchase of "Chelsea" shares. The proceeds will be transferred to a frozen bank account in Britain. 100% of the proceeds intend to donate to charity.

1.75 billion pounds sterling consortium Bohley will provide for investments in the "Stamford Bridge" stadium, the academy and the women's team. The sale is due to be completed at the end of May. The deal will require the approval of the English soccer authorities and the British government.

Earlier, Roman Abramovich said that the proceeds from the sale of Chelsea would be used to create a charitable foundation to support Ukraine.

"The fund will work for the benefit of all victims of the war in Ukraine," Abramovich noted and admitted that the funds could also be used to rebuild the country.

This means that we are talking about 2.5 billion pounds ($3.08 billion).