Chelsea FC, one of the larger clubs in the Premiership, is owned by Roman Abramovich, one of the Russian oligarchs personally named as a target of sanctions as

Chelsea FC, one of the larger clubs in the Premiership, is owned by Roman Abramovich, one of the Russian oligarchs personally named as a target of sanctions as a result of Russia invading Ukraine. Given that, and the possibility that his assets in the UK will be seized, he's selling his stake in the club. It would be like if the Dallas Cowboys were actually based in Moscow and the Russians had made it impossible for Jerry Jones to do business there and so he was selling his stake in the team.