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Chelsea Owner Escapes Politics.

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| July 04, 2008 | COPYRIGHT 2008 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From The Moscow Times)

President Dmitry Medvedev on Thursday accepted the resignation of Roman Abramovich, the Kremlin's most loyal oligarch, as governor of the far eastern Chukotka autonomous district, a job Abramovich has long made clear that he wanted out of.

All the same, the announcement that the multibillionaire owner of the Chelsea football club was leaving came as a surprise, in the form of a tersely worded presidential statement on the Kremlin's web site.

Why the Kremlin finally allowed Abramovich to leave the post is sure to be a topic of speculation after having refused his previous attempts to step down.

Medvedev's spokeswoman declined to comment on the decision, saying those Kremlin officials authorized to discuss the matter were out of Moscow.

This is not the first time that Abramovich, 41, has attempted to resign.

In December 2006, Abramovich, who makes his home in London and is best known for dividing his time among the Chelsea football club, his yachts and young socialite Darya Zhukova, publicly submitted his resignation, saying he had done all he could to help the isolated region. Then-President Vladimir Putin rejected the offer in February 2007.

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