The Helsea board are not expected to forward any offers for the club to Roman Abramovich, with the Russian owner adamantly saying he won’t sell.
The billionaire stunned the footballing world on Saturday night when he announced his dramatic decision to hand over the management of the European champions, following Russia’s invasion of Ukraine.
Trustees of the Chelsea Charitable Foundation – led by chairman Bruce Buck – will now take over running the club, which in theory could involve submitting bids from potential buyers.
Interested parties have been reported to be preparing takeover bids, with Bloomberg saying investors and private equity firms are considering offers to buy Chelsea.
But it is understood that a decision not to sell has already been made, which means that no such offer will be considered or passed on to the owner.
Abramovich’s announcement – less than 24 hours before Sunday’s Carabao Cup final – has caused widespread confusion over the 55-year-old’s long-term plans.
Sources say the main motivation is to protect Chelsea’s reputation amid growing tensions between Russia and the West following Vladimir Putin’s invasion of Ukraine. But his commitment to the club he bought in 2003 remains.
Confirmation of his continued determination to hold on to his property comes at a time of renewed speculation over potential bidders.
Despite calls for Abramovich to be sanctioned along with other oligarchs, he has not been included on any current list targeted by the UK.
He is free to continue investing money for transfers, but Chelsea are increasingly looking to be self-reliant.
Transfer decisions and Thomas Tuchel’s future will be in the hands of director Marina Granovskaia and technical adviser Petr Cech.
The board also includes Chelsea Women director Emma Hayes, executive director of anti-discrimination group Fare Piara Powar, Sebastian Coe, Paul Ramos, John Devine and Sir Hugh Robertson.
While the decisions they will be expected to deliberate on are important, football matters will not be their purview with Granovskaia and the management team remaining in place.