Chelsea’s Russian owner Abramovich hands over control of the club to a charitable foundation

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Chelsea owner Roman Abramovich has announced that he will take care of the day-to-day running of the club to the administrators. The Russian owner has been in charge of the club for nearly 20 years, but ties with his home country have come into question late in the wake of the Russia-Ukraine conflict.

Abramovich’s move comes ahead of Chelsea’s Carabao Cup final clash against Liverpool. “In my almost 20 years as owner of Chelsea FC, I have always seen my role as a goalkeeper for the Club, whose job it is to ensure that we achieve as much as possible today, as well as to build for the future, while also playing a positive role in our communities,” Abramovich said in an official statement.

“I have always made decisions with the best interests of the Club at heart. I remain committed to these values. That is why I entrust today to the Trustees of the Chelsea Charitable Foundation the management and care of Chelsea FC. I think they are currently in the best position to look after the interests of the club, the players, the staff and the fans.” Abramovich had taken control of Chelsea in 2003. Under his rule, the Blues managed to win five Premier League titles and two Champions League titles.

Following rising tensions between Russia and Ukraine, the sporting fraternity became proactive and many events in Russia were canceled including the Russian Grand Prix. The Champions League final has also been moved outside of Russia and will now take place in Paris.

Russian President Vladimir Putin announced a military operation in Ukraine on Thursday and warned other countries that any attempt to interfere with Russian action would lead to “consequences they have never seen”. (ANI)

(This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)

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