Ukraine-Russia: Chelsea FC's oligarch owner hands off 'stewardship,' may look to sell ahead of sanctions

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Ukraine-Russia: Chelsea FC's oligarch owner hands off 'stewardship,' may look to sell ahead of sanctions
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Saturday on Chelsea's website, saying he has "always viewed his role as a custodian of the Club" and said that handing over "stewardship" to trustees of Chelsea's charitable Foundation would keep the

Saturday on Chelsea's website, saying he has "always viewed his role as a custodian of the Club" and said that handing over "stewardship" to trustees of Chelsea's charitable Foundation would keep the club's "best interests at heart." He did not make any mention of ownership or intentions to sell the club, but reports have claimed he is either looking to sell the club or cash in on a substantial $2 billion loan.

Abramovich has since fiercely defended his independence from Putin over the past year. He last publically appeared at the FIFA Club World Cup to celebrate Chelsea’s victory, but has since disappeared. The Telegraph reported that his private jet was tracked flying to Moscow on Thursday, noting that there is no guarantee Abramovich himself was onboard.

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