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Chelsea owner Roman Abramovich has assets frozen in UK sanctions

Chelsea owner Roman Abramovich was licensed by the British government on Thursday for freezing his assets, including Chelsea’s men’s and women’s football teams, in relation to Russian President Vladimir Putin.

Britain’s Prime Minister Boris Johnson said after targeting seven Russian oligarchs, “there is no safe haven for those who have supported Putin’s vicious attack on Ukraine.”

In addition to Abramovich, Igor Setin, Oleg Deripaska, Dimitri Lebedev, Alexey Miller, Andrey Kostin and Nikolai Tokarev have been sanctioned.

A statement of reason was also issued by the British government, describing Abramovich as “a prominent Russian businessman and pro-Kremlin oligarch.”

“Abramovich destabilizes Ukraine, weakens and threatens Ukraine’s territorial integrity, sovereignty and independence, with Vladimir Putin, whom Abramovich has had a close relationship with for decades. It has something to do with it. ” “This association includes obtaining financial or other significant benefits from Putin and the Russian Government.”

Abramovich has consistently denied involvement in the Putin administration.

The 55-year-old woman is about to sell her club for a valuation of £ 3 billion. Thursday’s announcement puts those plans on hold. According to ESPNAbramovich has received multiple offers to the club, including from former Los Angeles Dodgers co-owner Todd Boehly. Was linked to Sale of NWSL’s Washington Spirit.

According to ESPN, the sale cannot proceed, but the UK government can consider applying for a license to allow the sale. Abramovich will not benefit from the sale while being subject to sanctions.

British Sports Minister Nadine Dorries also influences the club’s day-to-day operations. I wrote on Twitter The government has issued a special license that allows the club to continue the match, pay staff, and allow season ticket owners to participate in the match. The license will expire on May 31st.

“I know this introduces some uncertainty, but the government will continue to play football, working with leagues and clubs to ensure that sanctions hit what they intended,” she writes. .. “Soccer clubs are a cultural property and the foundation of our community. We promise to protect them.”

Other than existing contracts, including broadcast money and season ticket holders, Chelsea is not allowed to generate additional revenue. This means that tickets cannot be sold for future matches and the club shop will be closed. You can’t agree on new contracts for existing players, but you can’t agree on new summer deals. Arrangements for payment of transactions related to loans or transfers can continue.

In addition, Chelsea cannot pay more than £ 500,000 for a home match, but travel expenses to and from an away match are limited to £ 20,000 per game. According to ESPN, the typical cost of away games in Europe is around £ 30,000. This means that clubs may have to reduce the cost of travel by using commercials or buses.

Chelsea FC women are currently at the top of Group B in the FAW SL Cup rankings. They are scheduled for a Women’s Super League match against West Ham United before they play Aston Villa on Sunday.

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Written by Fem Society

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