Russian Billionaire Roman Abramovich Relinquishes Control Of Chelsea Football Club – Deadline

Chelsea FC has new stewards for the time being.

In a move that is undoubtedly related to the recent invasion of Ukraine, Russian oligarch Roman Abramovich has given up the supervision of Chelsea FC, a club he has owned for 20 years, to the charitable foundation of Chelsea.

Pressure has been mounting recently due to his long-held connection with Russian President Vladimir Putin.

Amid growing international sanctions against Russia and its oligarchs in response to the country’s invasion of Ukraine, a member of the British Parliament this week called for Abramovich to hand over the club.

While Abramovich is giving up “the stewardship and care of Chelsea FC,” no mention is made of his ownership in the club.

Read his full statement via Chelsea’s website below:

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 made 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.

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