What do Abramovich sanctions mean for Chelsea?
The future of European champions Chelsea has been plunged into doubt after Russian owner Roman Abramovich was hit Thursday with UK government sanctions in response to the invasion of Ukraine.
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The future of European champions Chelsea has been plunged into doubt after Russian owner Roman Abramovich was hit Thursday with UK government sanctions in response to the invasion of Ukraine.
LONDON: Britain's government said on Thursday (Mar 10) it would enable football club Chelsea to continue playing matches after it imposed sanctions on its owner, Roman Abramovich, halting his plan to sell the English Premier League side.
Chelsea have been granted a special licence to operate on footballing grounds after the UK government passed sanctions on its owner, Roman Abramovich. The British government officially added Abramovich to its list of sanctioned individuals on Thursday morning.
Chelsea Football Club owner Roman Abramovich cannot benefit from any sale of the club, Britain's minister in charge of sport, Nadine Dorries said on Thursday. "If the club is sold, Abramovich will not benefit," Dorries told reporters.
LONDON : Sanctioned Chelsea Football Club owner Roman Abramovich cannot benefit from any sale of the club, Britain's minister in charge of sport, Nadine Dorries said on Thursday.
football club Chelsea to continue playing matches after it imposed sanctions on its owner, Roman Abramovich, halting his plan to sell the Premier League side. Abramovich had put the club up for sale, but Britain's asset freeze and sanctions on him bar that process under the terms of the licence granted to the club. Nadine Dorries, Britain's minister for sport, said the government had issued a special licence to enable Chelsea to play fixtures, pay staff and enable ticket holders to attend matches, because it did not want to harm the reigning European and world football champions. "I know this brings some uncertainty, but the government will work with the league and clubs to keep football being played while ensuring sanctions hit those intended," she said on Twitter. "Football clubs are cultural assets and the bedrock of our communities. We're committed to protecting them."
Roman Abramovich has been sanctioned by the UK Government, plunging Chelsea’s long-term future into doubt.
Roman Abramovich's attempt to sell Chelsea has been halted after the oligarch was sanctioned by the UK government as part of its response to Russia's invasion of Ukraine.