EPL: Abramovich’s plan to ‘hand over’ Chelsea under investigation

Chelsea owner, Roman Abramovich, has seen his attempt to transfer the “stewardship and care” of the club to the Premier League club’s foundation, reported to the British body that oversees charities by the trustees.

Abramovich made the announcement in a statement on Saturday, following calls for him to be sanctioned after Russia’s invasion of Ukraine.

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The Charity Commission, which regulates the Chelsea Foundation, has now received a “serious incident report” from its trustees amid concerns about how the Russian billionaire’s plan can be enacted.

The foundation is made up of chairman, Bruce Buck, women’s team manager Emma Hayes and director of finance Paul Ramos. The trustees with more separation from the club include British Olympic Association chairman Hugh Robertson, lawyer John Devine and anti-discrimination leader Piara Powar.

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The Charity Commission is requesting for more information from them about the running of the club and the foundation.

“We have contacted the charity seeking information. And, in line with our guidance, the charity has also made a report to the commission. We cannot comment further at this time,” the commission said.

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Abramovich has provided no indication that he is going to sell Chelsea and the trustees have not publicly accepted Abramovich’s plan.

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