Abramovich Hands Over Chelsea FC to Trustees to Avert Takeover by UK Government

The Chelsea FC owner, Roman Abramovich has handed over the affairs of the club to trustees of Chelsea’s charitable Foundation.

Mr Abramovich announced this in a statement on Saturday.

This comes amid UK move to take over some of his property including Chelsea FC and his 152 million pounds home.

The British parliament had proposed takeover of Roman Abramovich`s assets domiciled in UK.

UK and the western are targeting Russian oligarchs in their sanctions against Russia over Russian invasion of Ukraine.

Here is what Abramovich 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.

“I believe that currently they are in the best position to look after the interests of the Club, players, staff, and fans.”

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