Chelsea's stewardship is transferred to its charity trust after Russia invades Ukraine.

• Roman Abramovich stepping away from control of Chelsea but remains owner.
• Chelsea face Liverpool in Sunday’s Carabao Cup final.
• Since Russia invaded Ukraine, Abramovich's ownership of Chelsea has been under scrutiny.

Roman Abramovich has transferred "ownership and management" of Chelsea to the club's charitable foundation in response to Russia's invasion of Ukraine.

The Russian billionaire, who has invested over £1billion into the Stamford Bridge club since purchasing it in 2003, will not be asking the club to repay the loans it owes him, ensuring the long-term future of the club remains secure.

Chelsea is not for sale, as Abramovich remains adamant about it.

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

The likelihood of Abramovich resuming a prominent role at the club will depend heavily on whether he faces any sanctions and the outcome of the conflict in Ukraine and the UK's relationship with Russia.

Sky Sports News' chief reporter Kaveh Solhekol stated that many Chelsea fans would be interested in knowing if the billionaire owner would continue to invest in the club. While Solhekol believes that Abramovich will continue to support the team, the possibility of sanctions from the UK Government could change this. However, no such announcement has been made yet.

This week, MPs have urged that Abramovich, a Russian-born billionaire, should not be permitted to own Chelsea due to suspected ties to Putin's government.

On Tuesday, Russian troops crossed the border into Ukraine. Labour MP Chris Bryant informed 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, and cited a leaked government document suggesting he should not be permitted to remain in the UK.

What has Abramovich said?

Chelsea owner Abramovich stated in a rare statement on the club's website on Saturday evening that his role as owner of the club for nearly 20 years has been to ensure its success and build for the future while also contributing positively to the community. The statement did not mention Putin or Russia's invasion of Ukraine.

I have always made decisions with the club's best interests in mind, and I remain committed to these values. As a result, I am entrusting the trustees of Chelsea's charitable foundation with the care and stewardship of Chelsea FC.

In my opinion, they are currently the most suitable individuals to safeguard the welfare of the club, players, staff, and fans.

So who is now in charge at Chelsea?

Micah Richards, a Sky Sports pundit and former England defender, has criticized Abramovich's statement, asking, "There are so many questions that need to be answered. How can you come out with a statement like that without any explanation?"

The text appears to be written in a code, and while we won't reveal the details, we encourage you to analyze it and determine its meaning.

“I think it’s poor.”

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 trustees of the Chelsea Foundation are Bruce Buck, John Devine, Emma Hayes, Piara Powar, and Hugh Robertson.

The club's executive director Marina Granovskaia, technical advisor Petr Cech, and head coach Thomas Tuchel will continue to operate within the allocated budgets.

According to Solhekol, nothing changes in football matters.

On Sunday, Sky Sports will broadcast live as Chelsea take on Liverpool in the Carabao Cup.

Prior to the Wembley event, Tuchel acknowledged the criticism aimed at Chelea following Russia's invasion of Ukraine.

"We cannot completely escape the criticism directed towards us and the club we represent, as it is both distracting and worrying to some extent, although I can comprehend the reasons behind it," Tuchel stated.