September 30, 2022

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Russian billionaire Roman Abramovich relinquishes control of Chelsea Football Club – Deadline

Russian billionaire Roman Abramovich relinquishes control of Chelsea Football Club - Deadline

Chelsea have new hosts at the moment.

In a move undoubtedly related to the recent invasion of UkraineRussian oligarch Roman Abramovich He relinquished supervision of Chelsea FC, a club he owned for 20 years, to the Chelsea Foundation.

Pressure has recently mounted over his long-running relationship with Russian President Vladimir Putin.

Amid mounting international sanctions against Russia And British MPs this week called on Abramovich to hand over the club in response to Ukraine’s invasion of Ukraine.

While Abramovich is giving up “agency and care” Chelsea Football ClubNo mention was made of his ownership of the club.

Read his full statement via Chelsea’s website below:

During my nearly 20 years of ownership of Chelsea FC, I have always looked to my role as custodian of the club, whose mission is to ensure 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 always make decisions with the club’s best interests at heart. I remain committed to these values. That is why today I give the trustees of the Chelsea Foundation the stewardship and care of Chelsea FC.

I think they are currently in the best position to take care of the interests of the club, the players, the staff and the fans.

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