Chelsea club owner Roman Abramovich has decided to hand over "the stewardship and care of Chelsea" to the trustees of the club's charitable foundation.
Abramovich is set to remain Chelsea owner, but will not be involved in decision-making at the Stamford Bridge club.
The senior leadership at the European champions will not change, the Press Association reported.
"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," a club statement said, quoting Abramovich.
"I have always taken decisions with the club's best interest at heart. I remain committed to these values. That is why I am today giving trustees of Chelsea's charitable foundation the stewardship and care of Chelsea FC."
Abramovich, who is from Russia, took over at Stamford Bridge in 2003. He has invested more than $2 billion in Chelsea, transforming the club into one of the most successful in England. The west London club are currently world and European champions.
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Chelsea players celebrate after beating Manchester City 1-0 to win the Champions League final on Saturday, May 30. -
Chelsea manager Thomas Tuchel celebrates after Kai Havertz's winning goal. -
Chelsea players celebrate after beating Manchester City in Porto. -
Chelsea players celebrate after the match. -
Chelsea players celebrate after the match. -
Dejected City players Phil Foden and Sergio Aguero after the match. -
Chelsea's Kai Havertz skips past City goalkeeper Ederson to put his team ahead in the first half. -
City's Phil Foden on the attack being chased by Reece James of Chelsea. -
City forward Raheem Sterling sees an early chance saved by Chelsea goalkeeper Edouard Mendy. -
City manager Pep Guardiola. -
Chelsea striker Timo Werner shoots at goal in the first half but City goalkeeper Ederson saves his weak finish easily. -
Kai Havertz celebrates his first-half goal. Getty -
City players see their penalty appeals turned down in the second half. -
Chelsea midfielder N'Golo Kante heads over the bar in the first half. -
City midfielder Kevin de Bruyne receives treatment after being caught in the face by Antonio Rudiger's shoulder. -
Kevin de Bruyne with his eye injury clearly visible. -
City's Kevin de Bruyne is substituted due to his face injury. -
Chelsea defender Antonio Rudiger slides in to deny Phil Foden a shot at goal. -
Chelsea's Cesar Azpilicueta and Kevin de Bruyne of City challenge for a header. -
Chelsea's Thiago Silva on the ground due to an injury that led to him being substituted in the first half. -
Chelsea's Kai Havertz is mobbed by teammates after scoring. -
Christian Pulisic misses a chance to make it 2-0 to Chelsea. -
Chelsea manager Thomas Tuchel after a missed chance in the second half.
Abramovich is a former Russian provincial governor who became a steel and metals magnate. He is now a dual Israeli citizen with a net worth estimated at more than $13 billion. Abramovich has not had a British visa since 2018 when a renewal application took longer than usual to go through and was withdrawn.
Chelsea manager Thomas Tuchel had earlier stated that uncertainty over Abramovich's future was weighing on the club ahead of Sunday's League Cup final.
"I would love to take my right not to comment on this until there is a decision made," Tuchel said on Friday. "But we are aware of it and it's distracting us, it's worrying us.
"To a certain degree I can understand the opinions towards the club, towards us who represent that club. I can understand that and we cannot fully free ourselves from it.
"Maybe people understand that me as a coach or the players, we don't have the insight what is really going on. At the moment we don't feel responsible for all this. We feel that it is horrible and there can be no doubt about it."
