Chelsea owner, Roman Abramovich, has handed the club over to a charitable organisation. Abramovich made this understood in a declaration on Saturday. This is following the choice of Russian President, Vladimir Putin, to go to war with neighbouring Ukraine.

European Union, EU, are seizing possessions belonging to Russians and the Russian government as part of their sanctions on the nation.

There have been calls for Chelsea to be removed from Abramovich and the billionaire business person on Saturday handed the club’s care and stewardship over to Chelsea’s Charitable Foundation, saying he believes they remain in the best position to take correct care of it.

His declaration checks out:

“During my almost 20-year ownership of Chelsea FC, I have actually always seen my function as a custodian of the Club, whose job it is making sure that we are as successful as we can be today, as well as develop for the future, while also playing a positive role in our communities.

“I have constantly taken decisions with the Club’s benefit at heart. I stay committed to these values. That is why I am today providing trustees of Chelsea’s charitable Foundation the stewardship and care of Chelsea FC.

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