Chelsea Banned From Renewing Contracts And Buying Players As Roman Abramovich Gets Hit By Sanctions

Chelsea owner Roman Abramovich has had his UK assets frozen, after being hit by new UK government sanctions.

The billionaire is one of seven Russian oligarchs who have been subject to sanctions, implemented by ministers on Thursday.

The action could massively impact the ongoing sale of Chelsea, although the club has been given a special licence to continue with football-related activities in the interim.

Furthermore, no merchandise sales are permitted as a result of the sanctions, while no player transfers, new contracts, or catering services at the ground will be allowed either.

The sanctions will come into force before the sale of the football club, estimated to be worth around £3bn, is able to take place.

"Today's sanctions are the latest step in the UK's unwavering support for the Ukrainian people," UK Prime Minister Boris Johnson announced on Thursday.

"We will be ruthless in pursuing those who enable the killing of civilians, destruction of hospitals and illegal occupation of sovereign allies."