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Chelsea trustees make insurance demands before agreeing to Abramovich plan

  /  autty

Chelsea trustees will insist on an impenetrable indemnity policy before agreeing to Roman Abramovich's plan to pass over stewardship of the club to its charitable foundation.

Blues owner Abramovich's proposal, which was announced on Saturday night, is in the balance with a number of trustees extremely apprehensive about accepting stewardship of the Stamford Bridge club.

And Sportsmail has learned that one of the main conditions the trustees will insist on is the inclusion of a robust indemnity insurance policy to ensure they are not liable for any financial ramifications the club may suffer while they are put in charge.

As we reported on Monday, trustees hold a number of concerns in relation to Abramovich's plan, which was sprung on the trustees with very little notice on Saturday night.

Conflict of interest is understood to be among the key apprehensions, while the morality of being the face of a football club and business that has been linked to the Russian regime that has invaded Ukraine is another major consideration for trustees.

However, the sheer responsibility of playing such a key role within a business that turned over £434.8million for the previous financial year is known to be the leading concern amongst a number of trustees.

As we revealed, Chelsea has instructed lawyers to start building the legal framework to facilitate Abramovich's stewardship recommendation and those individuals in line will seek a strong protection policy before agreeing.

During the interim there will be a period of status quo, which will allow trustees who include: Chelsea chairman Bruce Buck, John Devine, a partner at the law firm Muckle LLP, club director of finance Paul Ramos, women's head coach Emma Hayes, executive director of anti-discrimination group Fare, Piara Powar, and the chairman of the British Olympic Association, Sir Hugh Robertson, time to consider whether they want to be part of the process.

Chelsea are aware of the problems they may face in convincing trustees and are said to be exploring other options.

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