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Abramovich steps down as Chelsea Owner, hands ‘stewardship and care of club’ to charitable foundation

Roman Abramovich has passed on the stewardship of Chelsea to the trustees of the club’s charitable foundation.

The Russian, who bought the club in 2003, has come under greater scrutiny in recent days following Russia’s invasion of Ukraine and his links to Vladimir Putin. Abramovich made the announcement on Saturday, a day before Chelsea face Liverpool in the Carabao Cup final.

“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,” Abramovich said in a statement.

“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.”

Under his ownership, Chelsea have won five Premier League titles and FA Cups, in addition to the Champions League on two occasions.

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