26th February, 2022
Chelsea owner Roman Abramovich has stepped away from the control of the day-to-day activities of the club.
The Russian billionaire has owned Chelsea since 2003 but his position has been under scrutiny since Russia invaded Ukraine.
This is as a result of the ongoing invasion of Ukraine by Russia.
Abramovich in a statement on Saturday said during his nearly 20-year ownership of Chelsea FC, he had always viewed his role as a custodian of the Club, whose job it was ensuring that the club is as successful as it could be today, as well as build for the future, while also playing a positive role in the 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,” he said.
The Chelsea FC Foundation trustees include John Devine, Paul Ramos, Piara Powar, Emma Hayes, Sir Hugh Robertson, and Bruce Buck.
After Russian troops crossed the border into Ukraine on Tuesday, Labour MP Chris Bryant told the House of Commons that the Russian-Israeli billionaire should have his assets seized, questioned whether he should be allowed to operate a football club himself, and quoted a leaked government document suggesting he should not be allowed to be based in the UK.