Russian billionaire Roman Abramovich hands over control of Chelsea to football club’s trustees
- 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 Ukraine invasion in his handover statement
Chelsea owner Roman Abramovich suddenly handed over the “stewardship and care” of the English Premier League football 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 his 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,” he said.
“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.”
