Chelsea say UK government sanctions imposed on former owner Roman Abramovich were a factor in the club posting losses of £121 million (€137 million) in 2021-22.
Russian billionaire Abramovich was sanctioned by the UK government in March last year as it sought to freeze the assets of individuals it believed had connections to the country’s president, Vladimir Putin, following the invasion of Ukraine.
Chelsea were placed under a special licence which restricted their ability to sell tickets, accept event bookings and even sign contracts with players.
The restrictions remained in place until May 30th last year when a new consortium led by American businessman Todd Boehly completed its takeover of the club.
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