BREAKING: Ukraine-Russia: Roman Abramovic hands over Chelsea FC to foundation

NEWS DIGEST – Chelsea owner, Roman Abramovic has publicly handed over control of Chelsea Football Club to the Chelsea Foundation’s Board.

He made the announcement via the club Instagram handle on Saturday evening.

The statement from the Chelsea’s club owner, reads, “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.”