London (AFP) – 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.
The move comes with Russia under intense scrutiny following its invasion of Ukraine this week.
Billionaire 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.”
It is understood Abramovich took the decision in order to protect Chelsea from continued links to the wider global political situation as war rages in Ukraine.
On Wednesday, using parliamentary privilege, Liberal Democrat MP Layla Moran named him as one of 35 “key enablers” to Russian leader Vladimir Putin who should be sanctioned.
200+ Channels With Sports & News
- Starting price: $33/mo. for fubo Latino Package
- Watch Premier League, World Cup, Euro 2024 & more
- Includes NBC, USA, FOX, ESPN, CBSSN & more
Live & On Demand TV Streaming
- Price: $69.99/mo. for Entertainment package
- Watch World Cup, Euro 2024 & MLS
- Includes ESPN, ESPN2, FS1 + local channels
Many Sports & ESPN Originals
- Price: $6.99/mo. (or get ESPN+, Hulu & Disney+ for $13.99/mo.)
- Features Bundesliga, LaLiga, Championship, & more
- Also includes daily ESPN FC news & highlights show
2,000+ soccer games per year
- Price: $4.99/mo
- Features Champions League, Serie A, Europa League & NWSL
- Includes CBS, Star Trek & CBS Sports HQ
175 Premier League Games & PL TV
- Starting price: $4.99/mo. for Peacock Premium
- Watch 175 exclusive EPL games per season
- Includes Premier League TV channel plus movies, TV shows & more
- Salah staying at Liverpool ‘for sure’ next season as Mane hints at exit
- Tirana inhabitants brace for Conference League final after clashes
- Salah staying at Liverpool ‘for sure’ next season
- Greatest soccer film ever made? Victory deserves a consideration
- Boehly’s Chelsea takeover puts US tycoon in spotlight
- Stade de France gets new pitch for Champions League final
- What next for Chelsea after sale is approved?
- Neymar wants to stay at PSG despite rumours over his future
- Chelsea sale gets green light from UK government
- UK government authorises sale of Chelsea FC