Ukraine War: Chelsea Owner Roman Abramovich Hands Over Club To Charitable Foundation

 Chelsea owner Roman Abramovich has announced that he is handing stewardship of the club to trustees of its charitable foundation.

In a statement, the Russian billionaire 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."

The move comes in light of Russia's widely condemned invasion of Ukraine, ordered by President Vladimir Putin, with whom 55-year-old Mr Abramovich has had close ties.

Mr Abramovich, who has a net worth of more than $9.6bn according to the Forbes rich list, has been the owner of Chelsea since 2003 and overseen a period of unprecedented success at the west London club.

Since the takeover, a period of incredible transfer spending has helped Chelsea secure five Premier League titles, another five FA Cups, three League Cups, two Champions League crowns, and two Europa League trophies.

Source : Sky News 


Chris Kehinde Nwandu is the Editor In Chief of CKNNEWS || He is a Law graduate and an Alumnus of Lagos State University, Lead City University Ibadan and Nigerian Institute Of Journalism || With over 2 decades practice in Journalism, PR and Advertising, he is a member of several Professional bodies within and outside Nigeria || Member: Institute Of Chartered Arbitrators ( UK ) || Member : Institute of Chartered Mediators And Conciliation || Member : Nigerian Institute Of Public Relations || Member : Advertising Practitioners Council of Nigeria || Fellow : Institute of Personality Development And Customer Relationship Management || Member and Chairman Board Of Trustees: Guild Of Professional Bloggers of Nigeria

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