One of Russia's foremost oligarchs is stepping away from his Premier League club. For now.
Chelsea owner Roman Abramovich announced Saturday that he is ceding stewardship of the club to its charitable foundation, a move no doubt related to the ongoing Russian invasion of Ukraine and the resulting backlash against Vladimir Putin and his inner circle.
The full statement, via Chelsea's website:
During my nearly 20-year ownership of Chelsea FC, I have always viewed my role as a custodian of the Club, whose job it is ensuring that we are as successful as we can be today, as well as build for the future, while also playing a positive role in our communities.