Chelsea owner Roman Abramovich has relinquished the "stewardship and care" of the club to their charitable foundation.
The Russian oligarch, 55, bought the Blues in 2003 and they have won every trophy available to them, including five Premier League titles and two Champions Leagues, under his tenure.
An enigmatic figure seldom seen at Stamford Bridge in recent years, Abramovich has found himself in the spotlight over the last few days in light of Russia's invasion of Ukraine.