Russian billionaire Roman Abramovich, owner of Chelsea FC, announced on Saturday that he is transferring the management of the club to its board of trustees amid concerns regarding his situation following the Russian invasion of Ukraine. The British government has implemented a series of sanctions targeting Russian interests in an attempt to deter Moscow's invasion of Ukrainian territory, which began last Thursday.
In a statement published on the club's website, Abramovich said, "During my nearly 20-year ownership of Chelsea FC, I have always seen my role as a guardian of the club, whose mission is to ensure our success as best as we can be today, while also building for the future, and playing a positive role in our communities." He added, "I have always made decisions with the club's interest at heart. I remain committed to these values. This is why today I am giving the trustees of the Chelsea Charitable Foundation oversight and care of Chelsea FC."
Abramovich stated, "I believe they are currently in the best position to look after the interests of the club, its players, staff, and fans." The Russian-born Abramovich made this announcement following calls for him to be barred from owning a Premier League team due to his connections with the regime of Russian President Vladimir Putin.
On Thursday, British MP Chris Bryant called for the seizure of the Russian billionaire's assets, citing allegations of corruption in the UK and his links to Russian authorities, as well as his closeness to President Vladimir Putin. Chelsea is preparing to face Liverpool in the EFL Cup final on Sunday.
