Roman Abramovich hands Chelsea 'stewardship' to club's charity trust following Russia invasion of Ukraine News

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Roman Abramovich hands Chelsea 'stewardship' to club's charity trust following Russia invasion of Ukraine

By Daily Sports Nigeria on February 26, 2022

Roman Abramovich stepping away from control of Chelsea but remains owner; Chelsea face Liverpool in Sunday's Carabao Cup final, live on Sky Sports; Abramovich has owned Chelsea since 2003 but his position has been under scrutiny since Russia invaded Ukraine

Roman Abramovich has handed "stewardship and care" of Chelsea to the club's charitable foundation following Russia's invasion of Ukraine.

But Abramovich will remain Chelsea owner and the Russian billionaire, who has invested over £1billion into the Stamford Bridge club since purchasing it in 2003, will not be asking the club to repay the loans it owes him - meaning the long-term future of the club remains secure.

It is also understood that Abramovich remains adamant that Chelsea is not for sale.

"A lot of Chelsea fans will want to know if he's still going to be putting money in," chief reporter Kaveh Solhekol told Sky Sports News. "I believe he will continue to back the club, but that of course could change if the UK Government announce he is being sanctioned - but they haven't done that so far."

There have been calls from MPs this week that Russian-born Abramovich should not be allowed to own Chelsea due to his alleged links to Vladimir Putin's regime.

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.

What has Abramovich said?

In a rare statement from Abramovich, which was released on the club's website on Saturday evening, the Chelsea owner said: "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 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."