Roman Abramovich’s new role explained after relinquishing control of Chelsea

Roman Abramovich will remain the owner of Chelsea and has no plans of selling the club.

Roman Abramovich has handed over the day-to-day running of Chelsea to its charitable foundation’s trustees - even though he remains the owner.

The 55-year-old released a statement via the club’s website stating that he had decided to hand over the club’s “stewardship and care” in a move designed to fend off pressure after Russia’s invasion of Ukraine.

Chelsea’s Russian owner Roman Abramovich applauds, as players (Photo credit should read BEN STANSALL/AFP via Getty Images)

The Chelsea club statement read:

“I have always taken decisions with the Club’s best interest at heart,” he said.

“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.”

What does this statement mean and will he still be the owner ?

Abramovich has not been involved in the day-to-day running of Chelsea for some time now, but has seen calls for him to sell the club increase in the last 48 hours since Russia invaded Ukraine.

He first bought Chelsea in 2003 and has brought the greatest period of success in the club’s history.

Under his ownership, Chelsea have won two Champions League titles, five Premier League titles, two Europa Leagues, one Club World Cup and one Super Cup amongst other domestic cups.

The Russian alongside Portuguese manager Jose Mourinho were a match made in heaven, and together they laid the foundation for the club’s success.

Insider reports say his latest statement is just to protect the club in anticipation of the UK government potentially sanctioning him.

The statement does not say he has relinquished ownership of the club and doesn’t give a time frame on when he will return to running the club.

A brief history of Roman Abramovich

Abramovich is a former Russian provincial governor and ally of Russian President Vladimir Putin.

He is worth around $13 billion and owns a host of businesses around the world including the prestigious Chelsea football club.

He also holds an Israeli passport and has homes in Israel, the UK, Russia and the US.

According to reports, the Chelsea owner has not had a British visa since 2018 and only visits the UK with his Israeli passport.

What has Chelsea said on the Russian invasion of Ukraine?

Chelsea released a statement on Sunday morning on the “conflict in Ukraine”.

It said: “The situation in Ukraine is horrific and devastating.

“Chelsea FC’s thoughts are with everyone in Ukraine. Everyone at the club is praying for peace.”