shot-button
Subscription Subscription
Home > Sports News > Football News > Article > Abramovich hands over control of Chelsea to clubs foundation

Abramovich hands over control of Chelsea to club’s foundation

Updated on: 28 February,2022 08:25 AM IST  |  London
AFP |

“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”

Abramovich hands over control of Chelsea to club’s foundation

Roman Abramovich

Chelsea’s Russian owner Roman Abramovich said Saturday he was handing over the “stewardship and care” of the Premier League club to the trustees of its charitable foundation.


The move comes with Russia under intense scrutiny following its invasion of Ukraine this week. Billionaire Abramovich, who took over at Stamford Bridge in 2003, said in a statement: “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.”


This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!

Register for FREE
to continue reading !

This is not a paywall.
However, your registration helps us understand your preferences better and enables us to provide insightful and credible journalism for all our readers.

Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK