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Chelsea owner Roman Abramovich says he is giving 'stewardship and care' of the club to charitable foundation trustees
Chelsea owner Roman Abramovich suddenly handed over the "stewardship and care" of the Premier League club to its charitable foundation trustees on Saturday.
The move came after a member of the British Parliament called for the Russian billionaire to hand over the club in the wake of Russia's invasion of Ukraine.
Abramovich, who has owned Chelsea since 2003, made no mention of the war in Ukraine in his statement and, significantly, is not relinquishing ownership of the club and can still provide funds, presuming he is not sanctioned by the U.K. government.
Abramovich was not involved in the detailed day-to-day running of the club in any case, with that role performed by his close confidante and club director, Marina Granovskaia, in conjunction with technical and performance adviser Petr Cech.
He did, however, have the final say on key decisions, including player transfers and the future of respective head coaches, something he will now step back from, sources have told ESPN.
Abramovich gives trustees Chelsea stewardship
Chelsea owner Roman Abramovich suddenly handed over the "stewardship and care" of the Premier League club to its charitable foundation trustees on Saturday.
The move came after a member of the British Parliament called for the Russian billionaire to hand over the club in the wake of Russia's invasion of Ukraine.
Abramovich, who has owned Chelsea since 2003, made no mention of the war in Ukraine in his statement and, significantly, is not relinquishing ownership of the club and can still provide funds, presuming he is not sanctioned by the U.K. government.
Abramovich was not involved in the detailed day-to-day running of the club in any case, with that role performed by his close confidante and club director, Marina Granovskaia, in conjunction with technical and performance adviser Petr Cech.
He did, however, have the final say on key decisions, including player transfers and the future of respective head coaches, something he will now step back from, sources have told ESPN.
Abramovich gives trustees Chelsea stewardship