Roman Abramovich has been hit by fresh sanctions by the UK government following Vladimir Putin’s invasion of Ukraine.
News emerged on Thursday morning that Abramovich has seen his assets frozen but Chelsea had been given a sporting licence to continue trading as a football club.
The Russian is one of seven oligarchs who have been sanctioned as the fallout to Putin’s regime continues.
This effectively bars the sale of Chelsea football club, who were put on the market at the beginning of March and had previously attracted multiple buyers.
#Breaking Chelsea owner Roman Abramovich is being sanctioned, Culture Secretary Nadine Dorries has announced pic.twitter.com/m80fW0JHeS
— PA Media (@PA) March 10, 2022
📰 Table Of Contents
What it means for Chelsea
It is unclear exactly what the repercussions of this move for Chelsea football club will be, but the sanctions now mean that the club would need special dispensation from the UK government for the ownership to change, and that no money would be able to go to the Oligarch should they be able to sell.
Abramovich previously claimed that he would not be calling in his £1.5 billion loan that he has provided to the club in the previous two decades, but now it is unclear just how
Massive news: Roman Abramovich sanctioned. All UK assets frozen. Chelsea can still operate under a special licence but sale now on hold. Club will not be allowed to sell any more tickets – only season ticket holders can go to games for the foreseeable future.
— Martyn Ziegler (@martynziegler) March 10, 2022
It also means that they cannot renew player contracts, meaning that all of Antonio Rudiger, Andreas Christensen and Cesar Azpilicueta will depart the club in the summer, with no replacements able to continue.
While Chelsea have been given clearance to continue trading at the very top level, they are seemingly entwined with the fate of Roman Abramovich, with these measures currently in place until May 31.
As per BBC Sport, here are some of the key points from the special licence put in place by the UK government:
- Chelsea are able to pay the wages of all employees, including players and coaching staff.
- They can pay “reasonable” costs of travel to and from fixtures but not exceeding £20,000 per game per team.
- Pay “reasonable” costs towards hosting home fixtures, not exceeding £500,000 per fixture per team.
- Fans who bought season tickets or individual match tickets before 10 March 2022 can attend games.
- Broadcasters can broadcast any fixture involving the club.
