The Premier League and its clubs have suspended their partnership with Russian television network Okko Sport and will donate £1 million to support Ukraine.
The league called for peace and condemned the Russian aggression taking place in the Ukraine.
The Disasters Emergency Committee (DEC) will receive £1 million to deliver humanitarian aid directly to those in need.
Over the weekend stadiums saw league-wide support for those affected in the Ukraine.
All club captains and staff members wore special armbands during a moment of silence and reflection before their matches.
The screens at the stadium showed the message “Football Stands Together” in support of Ukraine.
The signal of solidarity was broadcast to fans around the world across The Premier League digital channels and match broadcasts.
Asked what it would take for the league to re-engage with Russian sponsors and broadcasters, Masters said that Vladimir Putin should be “somehow (be) taken out of his role and replaced with somebody else”.
“That would get everybody into a different place but, clearly, while the war is going on, it’s unsustainable and the sport and Russia can’t marry.”
It was revealed last month that the international broadcast rights revenue would out preform the domestic broadcast revenue during the next three seasons.
International deals from 2022-23 to 2024-25 will be worth in the region of the $6.9 Billion.
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