Chelsea trustees expect the original plan to hand over the stewardship of the club to their charitable foundation to be abandoned.
Trustees, who showed huge reluctance towards the plan anyway, remain on stand-by in the eventuality that Roman Abramovich does not complete a sale of the club.
But the stewardship plan has now been described as being 'dead in the water' in its current formal following confirmation on Wednesday night that Abramovich is looking to sell Chelsea.
Even if Chelsea planned to continue with handing over stewardship of the club to the six trustees, it has emerged that the Charities Commission would likely prevent the proposals from being actioned.