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Roman Abramovich: Chelsea Trustees Have Not Yet Agreed to Run Club

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Chelsea Foundation trustees have not yet agreed to take over “custody and care” of the club as requested by owner Roman Abramovich following Russia’s invasion of Ukraine.

The six trustees want more information about whether running the club would be compatible with UK charity law and raised their concerns at a meeting on Sunday.

The foundation’s lawyers are now working to see whether what Abramovich is proposing can actually be put into effect.

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The trustees would need to be totally comfortable from a legal point of view before they assume “control” of the club while Abramovich remains owner.

Russian billionaire Abramovich issued a 110-word statement on Saturday, which did not mention Russia or Ukraine, announcing he would be stepping away from control of Chelsea but would remain owner.

The statement was heavily criticised before Chelsea then released a second, shorter statement 14 hours later on Sunday morning, saying: “The situation in Ukraine is horrific and devastating. Chelsea FC’s thoughts are with everyone in Ukraine. Everyone at the club is praying for peace.”
Sky Sports pundits Jamie Carragher and Gary Neville both criticised the statements from Abramovich and Chelsea, questioning whether Abramovich’s handing over of stewardship and care falls short of handing over ownership.

“They should have been a lot stronger in what they said, and regarding Roman Abramovich passing on to Chelsea trustees, that’s not him relinquishing the club, stewardship is not ownership,” said Carragher.

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“It’s completely different because he’s still in charge, he’s still running it, which is fine. But to not actually mention in his initial statement what was going on in Ukraine, I thought was really poor.”

Neville described Abramovich’s statement as “meaningless”, saying: “It doesn’t have any strength behind it and the only question we want Roman Abramovich to answer, if he is going to speak, is ‘does he condemn the war or does he support the war on Ukraine?’

“I was surprised at Roman Abramovich, one of things he’s done well over that 20 years or so is not say anything. At the time when he has said something I think it’s left more questions than answers.”

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Neville added: “I would have preferred Roman Abramovich to come out and say ‘I’m a Russian national, I own Chelsea Football Club and I will continue to own Chelsea Football club’.

“Chelsea charity trustees are not running the football club – executives and directors will [be] under the guidance of Roman Abramovich. So I don’t know why he thought, or those close to him thought it was going to wash. What he has done is try to use the charity as a shield, which I don’t think is impressive as a leader.”

Chelsea not for sale – but who will run the club?

Abramovich has invested over £1billion into the Stamford Bridge club since purchasing it in 2003 and will not be asking the club to repay the loans it owes him – meaning the long-term future of the club remains secure.

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It is also understood that Abramovich remains adamant that Chelsea is not for sale.

Bur there are now questions about his long-term future at the club.

Whether Abramovich will ever return to taking a more visible hands-on role at the club will likely depend strongly on whether he faces any sanctions, and what happens in Ukraine and the UK’s relationship with Russia.

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“A lot of Chelsea fans will want to know if he’s still going to be putting money in,” chief reporter Kaveh Solhekol told Sky Sports News. “I believe he will continue to back the club, but that of course could change if the UK Government announce he is being sanctioned – but they haven’t done that so far.”

There have been calls from MPs this week that Russian-born Abramovich should not be allowed to own Chelsea due to his alleged links to Vladimir Putin’s regime.

After Russian troops crossed the border into Ukraine on Thursday, Labour MP Chris Bryant told the House of Commons that the Russian-Israeli billionaire should have his assets seized, questioned whether he should be allowed to operate a football club himself, and quoted a leaked government document suggesting he should not be allowed to be based in the UK.

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It is understood Abramovich will no longer be involved in club matters on a day-to-day basis and all long-term strategic decision-making powers are being handed over to the Chelsea Foundation.

The Chelsea Foundation’s trustees are Bruce Buck, John Devine, Emma Hayes, Piara Powar, and Hugh Robertson.

For transfers, executive director Marina Granovskaia, technical advisor Petr Cech and head coach Thomas Tuchel will continue to operate within the budgets set by the club.

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“As far as football matters are concerned, nothing changes,” reported Solhekol.

Who are the Chelsea Foundation trustees?

Bruce Buck – Chelsea’s current chairman since 2004, Bruce Buck was appointed as a trustee of the Chelsea Foundation in 2010. Buck is also a former managing partner for US-based law firm Skadden Arps Slate Meagher & Flom, where he worked across mergers, acquisitions and capital market transactions.

John Devine – Devine has been a trustee of the Chelsea Foundation since 2010. Devine works across the sports sector as part of his role as a partner and head of the sports team at Newcastle-based law firm Muckle LLP. Additionally, Devine assists the PFA on the establishment of charitable organisations by individual players.

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Emma Hayes – Having managed Chelsea Women since 2012, Emma Hayes was appointed as a trustee of the Chelsea Foundation in 2017. Hayes has led Chelsea to numerous trophies, including four WSL titles after having previously served as assistant manager at Arsenal from 2006 – 2008 and as manager of Chicago Red Stars from 2008 – 2010.

Piara Powar – Appointed as a trustee of the Chelsea Foundation in 2011, Piara Powar is the current executive director of anti-discrimination and social inclusion network, Football Against Racism in Europe (FARE). Prior to this, Powar served as a director at Kick It Out from 2000 – 2010.

Paul Ramos – Ramos has been associated with Chelsea since 2001 and became a trustee of the Chelsea Foundation in 2017. In his time at the club, Ramos has served as Chelsea’s head of finance and took on the role of director of finance in 2018.

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Sir Hugh Robertson – Robertson joined the Chelsea Foundation Board of Trustees in 2015. Robertson has been the chair of the British Olympic Association since 2016 and previously served as the Minister for Sport. Earlier in his career, Robertson worked for seven years at Schroder Investment Management.

Chelsea’s history under Abramovich

Abramovich bought Chelsea in 2003 from Ken Bates for a reported fee of £140m. In the 19 years since he has spent more than £1billion, won 19 major trophies and sacked 11 managers.

In that time, Chelsea have won:

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  • Premier League titles (2004-05, 2005-06, 2009-10, 2014-15, 2016-17)
  • FA Cups (2006-07, 2008-09, 2009-10, 2011-12, 2017-18)
  • League Cups (2004-05, 2006-07, 2014-15)
  • Champions Leagues (2011-12, 2020-21)
  • Europa Leagues (2012-13, 2018-19)
  • Club World Cup (2021-22)
  • UEFA Super Cup (2021-22)

And he has worked with 13 different managers:

  • Claudio Ranieri (2000-04)
  • Jose Mourinho (2004-07 & 2013-15)
  • Avram Grant (2007-08)
  • Luiz Felipe Scolari (2008-09)
  • Guus Hiddink (2009 & 2015-16)
  • Carlo Ancelotti (2009-11)
  • Andre Villas-Boas (2011-12)
  • Roberto Di Matteo (2012)
  • Rafael Benitez (2012-13)
  • Antonio Conte (2016-18)
  • Maurizio Sarri (2018-19)
  • Frank Lampard (2019-21)
  • Thomas Tuchel (2021 till date)
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Noble Ladies Champion Women’s Financial Independence at Grand Inauguration in Abuja

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Women from diverse backgrounds across Nigeria and beyond gathered at the Art and Culture Auditorium, Abuja, for the inauguration and convention of the Noble Ladies Association. The event, led by the association’s Founder and “visionary and polished Queen Mother,” Mrs. Margaret Chigozie Mkpuma, was a colourful display of feminine elegance, empowerment, and ambition.

The highly anticipated gathering, attended by over 700 members and counting, reflected the association’s mission to help women realise their potential while shifting mindsets away from dependency and over-glamorization of the ‘white collar job.’ According to the group, progress can be better achieved through innovation and creativity. “When a woman is able to earn and blossom on her own she has no reason to look at herself as a second fiddle,” the association stated.

One of the association’s standout initiatives is its women-only investment platform, which currently offers a minimum entry of ₦100,000 with a return of ₦130,000 over 30 days—an interest rate of 30 percent. Some members invest as much as ₦1 million, enjoying the same return rate. Mrs. Mkpuma explained that the scheme focuses on women because “women bear the greater brunt of poverty” and the platform seeks “to offer equity in the absence of economic equality.”

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Education is also central to the Noble Ladies’ mission, regardless of age. Their mantra, “start again from where you stopped,” encourages women to return to school or upgrade their skills at any stage in life. The association believes that financial stability is vital in protecting women from cultural practices that dispossess widows of their late husbands’ assets, while also enabling them to raise morally and socially grounded families.

Founded on the vision of enhancing women’s skills and achieving financial stability, the association rests on a value system that discourages pity and promotes purpose. “You have a purpose and you build on that purpose to achieve great potentials and emancipation,” Mrs. Mkpuma said.

A criminologist by training and entrepreneur by practice, she cautions against idleness while waiting for formal employment. “There are billions in the informal and non-formal sectors waiting to be made,” she said, rejecting the “new normal of begging” and urging people to “be more introspective to find their purpose in life and hold on to it.”

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Mrs. Mkpuma’s management style keeps members actively engaged, focusing on vocational skills and training to prepare them for competitive markets. She is exploring “innovative integration of uncommon technologies” and is already in talks with international franchises to invest in Nigeria, with Noble Ladies as first beneficiaries.

The association’s core values include mutual respect, innovation, forward-thinking, equal opportunity, and financial emancipation. With plans underway to establish a secretariat in the heart of Abuja, the group aims to expand its impact.

The event drew high-profile guests, including former Inspector General of Police, Mike Okiro, and a host of VIPs, marking a significant milestone in the association’s drive for women’s empowerment.

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NEPZA, FCT agree to create world-class FTZ environment

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NEPZA, FCT agree to create world-class FTZ environment

The Nigeria Export Processing Zones Authority (NEPZA) has stepped in to resolve the dispute between the Federal Capital Territory Administration and the Abuja Technology Village (ATV), a licensed Free Trade Zone, over the potential revocation of the zone’s land title.
Dr. Olufemi Ogunyemi, the Managing Director of NEPZA, urged ATV operators and investors to withdraw the lawsuit filed against the FCT administration immediately to facilitate a roundtable negotiation.
Dr. Ogunyemi delivered the charge during a courtesy visit to the Minister of the Federal Capital Territory, Barrister Nyesom Wike, on Thursday in Abuja.
You will recall that the ATV operators responded to the revocation notice issued by the FCT administration with a lawsuit.
Dr. Ogunyemi stated that the continued support for the growth of the Free Trade Zones Scheme would benefit the nation’s economy and the FCT’s development, emphasizing that the FCT administration recognized the scheme’s potential to accelerate industrialisation.
Dr. Ogunyemi, also the Chief Executive Officer of NEPZA, expressed his delight at the steps taken by the FCT minister to expand the economic frontier of the FCT through the proposed Abuja City Walk (ACW) project.
Dr. Ogunyemi further explained that the Authority was preparing to assess all the 63 licensed Free Trade Zones across the country with the view to vetting their functionality and contributions to the nation’s Foreign Direct Investment and export drives.
“I have come to discuss with His Excellency, the Minister of the Federal Capital Territory on the importance of supporting the ATV to succeed while also promoting the development of the Abuja City Walk project. We must work together to achieve this for the good of our nation,” he said.
On his part, the FCT Minister reiterated his unflinching determination to work towards President Bola Ahmed Tinubu’s Renewed Hope Agenda by bringing FDI to the FCT.
“We must fulfil Mr. President’s promises regarding industrialization, trade, and investment. In this context, the FCT will collaborate with NEPZA to review the future of ATV, a zone that was sponsored and supported by the FCT administration,” Wike said.
Barrister Wike also said that efforts were underway to fast-track the industrialisation process of the territory with the construction of the Abuja City Walk.
The minister further said the Abuja City Walk project was planned to cover over 200 hectares in the Abuja Technology Village corridor along Airport Road.
According to him, the business ecosystem aimed to create a lively, mixed-use urban center with residential, commercial, retail, hospitality, medical, and institutional facilities.
He added that the ACW would turn out to be a high-definition and world-class project that would give this administration’s Renewed Hope Agenda true meaning in the North-Central Region of the country.
Barrister Wike also indicated his continued pursuit of land and property owners who failed to fulfil their obligations to the FCT in his determination to develop the territory.

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Benue IDPs block highway, demand return to ancestral homes

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Vehicular movement along the Yelwata axis of the Benue–Nasarawa highway was brought to a standstill on Wednesday as Internally Displaced Persons, IDPs, staged a protest, demanding immediate return to their ancestral homes.

The protesters, believed to be victims of persistent attacks by suspected herdsmen, blocked both lanes of the busy highway for several hours, chanting “We want to go back home”.

The protest caused disruption, leaving hundreds of motorists and passengers stranded.

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Eyewitnesses said the displaced persons, many of whom have spent years in overcrowded IDP camps, are expressing deep frustration over the government’s delay in restoring security to their communities.

“We have suffered enough. We want to return to our homes and farms,” one of the protesters told reporters at the scene.

Security personnel were reportedly deployed to monitor the situation and prevent any escalation, though tensions remained high as of press time.

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Efforts to reach the Benue State Emergency Management Agency, SEMA, and other relevant authorities for comment were unsuccessful.

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