On 26 February 2022, during the Russo-Ukrainian War, Abramovich handed over "stewardship and care" of Chelsea FC to the Chelsea Charitable Foundation. Abramovich released an official statement on 2 March 2022 confirming that he was selling the club due to the ongoing situation in Ukraine. Although the UK government froze Abramovich's assets in United Kingdom on 10 March due to his "close ties with Kremlin", it was made clear that the Chelsea club will be allowed to operate in terms of activities which are football related. On 12 March, the Premier League disqualified Abramovich as a director of Chelsea Football Club.
On 26 February 2022, during the Russo-Ukrainian War, Abramovich handed over "stewardship and care" of Chelsea FC to the Chelsea Charitable Foundation. Abramovich released an offici.al statement on 2 March 2022 confirming that he was selling the club due to the ongoing situation in Ukraine. Although the UK government froze Abramovich's assets in United Kingdom on 10 March due to his "close ties with Kremlin", it was made clear that the Chelsea club will. be allowed to operate in terms of activities which are football related On 12 March, the Premier League disqualified Abramovich as a director of Chelsea Football Club