Chelsea’s Russian owner Roman Abramovich said Saturday he was handing over the “stewardship and care” of the Premier League club to the trustees of its charitable foundation.
Abramovich will no longer be involved in club matters on a day-to-day basis – and long term strategic decision-making powers will instead be handed over to the Chelsea Foundation.
Abramovich, who took over at Stamford Bridge in 2003, said in a statement: “During my nearly 20-year ownership of Chelsea FC, I have always viewed my role as a custodian of the club, whose job it is ensuring that we are as successful as we can be today, as well as build for the future, while also playing a positive role in our communities.
“I have always taken decisions with the club’s best interest at heart. I remain committed to these values. That is why I am today giving trustees of Chelsea’s charitable foundation the stewardship and care of Chelsea FC.”I believe that currently they are in the best position to look after the interests of the club, players, staff, and fans.”
The move comes in light of Russia’s heavily criticized invasion of Ukraine, ordered by President Vladimir Putin. His announcement came the day before Chelsea play Liverpool in the League Cup final at Wembley on Sunday.
ARTICLE: PAUL MURDOCH
MANAGING EDITOR: CARSON CHOATE
PHOTO CREDITS: TIMES OF ISRAEL