Chelsea boss Roman Abramovich offered to hand over the club’s “caretaker and care” to the trustees of the Chelsea Foundation, a roadblock that seems to have been hit.
The billionaire’s move comes after Russia’s invasion of Ukraine, however, the foundation’s trustees are yet to agree to the new arrangement. The six trustees want more information on whether running a Premier League club would be in line with UK charity law and have reportedly raised their concerns at a recent meeting.
The Russian oligarch decided to relinquish leadership of his club following a call in the British Parliament to face sanctions amid the political crisis between Russia and Ukraine. It should be noted that 55-year-old Roman Abramovich has not given up his ownership of Chelsea and is adamant that his club is not for sale.
He has also vehemently denied any association with Vladimir Putin or anything he did to merit. Meanwhile, the club’s foundation trustees, including Chelsea Ladies manager Emma Hayes, feel there are legal and regulatory issues as well as ethical concerns over the change of stewardship.
According to Mail Online, the foundation’s trustees met with club officials on Monday to discuss how the proposed arrangement would work in practice. Some of those involved need more information to understand whether acting as trustees of the charity is compatible with the club’s management.
While the proposal is still under consideration, the move has attracted the attention of the Charity Commission, who have contacted Chelsea and its charitable foundation seeking more information about Abramovich’s proposal.
“We have contacted the charity seeking information and in line with our guidance, the charity has also submitted a report to the commission. We cannot comment further at this time,” the Daily Mail quoted a charity commission spokesperson as saying.
Chelsea’s lawyers are now working to see whether the club and foundation can remain separate entities if they are run by the same people, which is part of Abramovich’s proposal and how exactly it can be implemented. Is.
The report also mentioned club sources who described the new venture as an ongoing process and hoped that it could be resolved in the next few days. Until then the status quo period will give the trustees time to consider whether they can commit to making a decision as a block, as some of them may choose to accept Abramovich’s proposal, while others opt out. Choose.
read all breaking news, today’s fresh news And Assembly Election Live Updates Here.
,