The United Kingdom has sanctioned Roman Abramovich, and Chelsea has called an emergency board meeting.
After owner Roman Abramovich was sanction for Russia’s war on Ukraine; the British government imposed extraordinary limitations on Chelsea on Thursday; including a ban on transfers and the sale of new tickets. The reigning European and World Champions are require to operate under a special government; “Russia Regulations” license, which prevents Abramovich from selling the club quickly. Chelsea, on the other hand, is permitt to continue playing.
Only last week, the west London club was place up for sale as pressure mount; for him to be sanction over his ties to Russian President Vladimir Putin’s administration.
According to the authorities, Abramovich is a “pro-Kremlin oligarch” worth; more than $9 billion ($12 billion) who should be penalize for his ties to Putin. Abramovich has also been accuse of “destabilizing,” weakening, and endangering Ukraine.
Since the war began two weeks ago, Abramovich has made two speeches; in which he has not opposed Russia’s invasion of its neighbor. Abramovich allegedly received financial perks from Putin’s administration; including contracts in the run-up to Russia hosting the 2018 World Cup, according to the British authorities.
The reverberations can be see at Chelsea, where Abramovich has invest; more than $2 billion over 19 years to develop the club into a European powerhouse.
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Anyone who has tickets until the end of the season in May can continue to attend games; but no new tickets can be obtain, limiting away fans’ ability to visit Stamford Bridge. The club’s shop must likewise stop selling items.
Players, as well as the rest of the staff, can continue to be compensated. In the most recent accounts, the club’s pay expense was around 28 million pounds ($37 million) every month.
The club has effectively been placed under a transfer embargo because it is unable to spend money on signing new players and its ability to give new contracts is in doubt.
Each match at Stamford Bridge is limited to a budget of £500,000 ($657,000), which includes security and food. Travel to matches is limited to a maximum of 20,000 pounds. Chelsea will meet Lille in the Champions League next week in France.
On Thursday, Abramovich was one of seven wealthy Russians whose assets were frozen by the British government as part; of Boris Johnson’s administration’s financial steps to put pressure on Putin while Britain remains neutral in the conflict.
Culture Secretary Nadine Dorries expressed that the sanctions are point at; “anticipating Abramovich from benefitting from his possession of the club.” “I get it that this makes a few vulnerability; but the government will coordinate with the alliance and clubs to guarantee that football proceeds to be play whereas; results are connects to those who merit them.” Our communities’ social resources and bedrock are football clubs. We’ll do everything we will to keep them secure.”