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NEWS UPDATE: EPL: Real reason Abramovich handed over Chelsea revealed

NEWS UPDATE: EPL: Real reason Abramovich handed over Chelsea revealed

Chelsea owner, Roman Abramovich, has actually quit his stewardship of the club in order to avoid it from “ending up being captive to anti-Russian sanctions”, according to a friend of the billionaire.

On Saturday, the Premier League side verified Abramovich has transferred his stewardship to the trustees of the club’s charitable structure.

Chelsea’s charitable structure is led by the club’s chairman, Bruce Dollar.

Abramovich can continue to money Chelsea, nevertheless, the inner operations of the club will stay the same, with Marina Granovskaia still in charge of football operations.

Nevertheless, Abramovich has actually relocated to distance himself from the club following President Vladimir Putin’s choice to attack Ukraine.

” He’s actually doing it to stop the club from ending up being captive to anti-Russian sanctions, which are going to be around for a while now,” a buddy of Abramovich informed the Financial Times.

Previously today, the UK Federal government revealed sanctions versus Russian banks, oligarchs and business.

While Abramovich has actually not gotten any sanctions, Labour MP Chris Bryant has actually required the seizure of his possessions, consisting of Chelsea.

EPL: Real reason Abramovich handed over Chelsea revealed

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