It is one of the most stunning business repercussions of President Vladimir Putin’s decision to invade Russia’s neighbour.

Faced with the threat of financial sanctions targeting Russians, Chelsea owner Roman Abramovich has confirmed he is trying to sell the Premier League club he turned into an elite, trophy-winning machine with his lavish investment.

Abramovich’s trophy asset made him a high-profile target for politicians demanding he be included among wealthy and influential Russians hit with British sanctions after a week of Russia’s war on Ukraine.

The billionaire oligarch said he will not be asking to be repaid £1.5 billion pounds (about $2.7 billion) in loans he has granted the club during 19 years of injecting cash to elevate the team into one of the most successful in Europe. The set of every major trophy was completed last month when Chelsea won the Club World Cup.

UK correspondents Enda Brady told Gareth Parker on 6PR Breakfast the sale has taken everyone there by shock.

Press PLAY below to hear about the fallout from the sale.