Chelsea owner Roman Abramovich has confirmed the stewardship of the Blues is now in the hands of the club's charitable foundation.
The 55-year-old Russian billionaire purchased the Premier League side in 2003.
Under his ownership, the Blues have won five English top-flight titles and the Champions League in 2012 and 2021.
Chelsea are the reigning European champions after beating Manchester City in the Porto showpiece last season.
They have also picked up other domestic and international cup honours in that time, and are on Sunday in the Carabao Cup final against Liverpool.
However, seemingly from Saturday, the Chelsea Foundation have taken control of the club. Trustees include Bruce Buck, John Devine, Emma Hayes, Piara Power, Paul Ramos and Sir Hugh Robertson.
In a short statement on the Chelsea FC website, Abramovich said: "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.
"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.
"I believe that currently they are in the best position to look after the interests of the club, players, staff, and fans."
The decision from Abramovich comes amid ongoing conflict between Russia and Ukraine.
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