“Stuff to give young people in the same circumstances I was in another shot. If there is a university they want to go to, football equipment they need, other things … I want to be a helping hand.”
It is reported that Sterling was still working on the finer details of the foundation, but that his contribution was likely to be seven figures.
It added he has asked his club and his main sponsors to match his contribution, meaning the fund could top £10 million.
He said: “It comes down to, OK, I come from northwest London, I move out of my area – what good is it if I take all I have made in life, my success and just build a big house somewhere? I’m happy, cool, but that’s not who I am.”