Roman Abramovich, owner of Chelsea sanctioned by UK govt… Sells of Chelsea on hold

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The government of the United Kingdom has banned the owner of Chelsea football club, Roman Abramovich from having anything to do with the UK.

This means that all his assets and everything linked to the Russian billionaire in the country have been frozen. But Chelsea have been given a special license to continue restricted operation.

Recall that since Russia’s President Vladimir Putin ordered his troops to invade Ukraine on February 24, there have been speculations that Roman Abramovich would be sanctioned by the UK government due to his alleged ties with Putin.

The speculations allegedly prompted Roman Abramovich to start putting up some of his assets in the UK including his £125million mansion near Kensington Palace, London, for sale.

Initially, Abramovich directed Chelsea’s charitable foundation to take over the running of the Premier League club pending the end of the ongoing bombardment of Ukraine by Russian troops. Many critics believed that the Russian billionaire wanted to use the foundation as a shield over the club amid pending sanctions.

When the plan did not work, Roman Abramovich decided to put the club up for sale for three billion pounds. He gave interested buyers until March 15 to submit their bids.

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Unfortunately, with the sanctions the UK government slammed on him, Abramovich does no longer has the right to sell Chelsea or any other asset of his in the UK.

Based on the sanctions against him, the Russian billionaire can no longer do business with a UK citizen, group, or organization. He can not also travel to the UK.

A series of tweets from Nadine Dorries, the minister for Sport and Culture, read: “I know this brings some uncertainty, but the Government will work with the league & clubs to keep football being played while ensuring sanctions-hit those intended. Football clubs are cultural assets and the bedrock of our communities. We’re committed to protecting them.”

What do the sanctions slammed on Roman Abramovich mean to Chelsea?

Roman Abramovich, owner of Chelsea sanctioned by UK govt... Sells of Chelsea on hold

The most direct effect the sanctions slammed on Roman Abramovich by the UK government have on Chelsea is that the Premier League club is no longer owned by the Russian billionaire.

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The UK government and some selected stakeholders at Chelsea are expected to meet later today, Thursday, March 10, 2022, to discuss ownership and control of the club.

However, in the absence of Roman Abramovich, Chelsea now has a special license that permits them to operate.

This means that Chelsea will continue to participate in all the football competitions they are involved in. Their sponsorships deal with the companies not affiliated with Russia and Abramovich will continue to run.

Football fans who are holders of Chelsea’s season tickets will continue to have access to Chelsea’s games. But the club would not be able to sell tickets for the main time.

A statement from the UK government read: “Given the significant impact that today’s sanctions would have on Chelsea football club and the potential knock-on effects of this, the Government has this morning published a license which authorizes several football-related activities to continue at Chelsea.

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“This includes permissions for the club to continue playing matches and other football-related activity which will, in turn, protect the Premier League, the wider football pyramid, loyal fans, and other clubs. This license will only allow certain explicitly named actions to ensure the designated individual is not able to circumvent UK sanctions. The license will be kept under constant review and we will work closely with the football authorities.”

22 responses to “Roman Abramovich, owner of Chelsea sanctioned by UK govt… Sells of Chelsea on hold”

  1. […] Tuchel may leave Chelsea as a result of the UK government’s sanctions against Roman Abramovich, which have already had a huge impact on the club, and Manchester United fans want the team to make […]

  2. […] AC Milan, Chelsea, and Dynamo Kyiv striker, Andriy Shevchenko has revealed that some of his family members are still […]

  3. […] Chelsea’s bank account has been temporarily stopped by Barclays following the UK government’s sanctioning of Roman Abramovich. […]

  4. […] Roman Abramovich was sanctioned by the UK government, the telecommunications provider requested that its insignia be removed off Chelsea’s playing […]

  5. […] his country’s invasion of Ukraine, the Russian billionaire oligarch was hit with harsh financial sanctions, which means the club is unable to sell tickets to home or away fans, agree new transfers or […]

  6. […] Abramovich’s assets being frozen by the UK government, the club has been granted a special license to […]

  7. […] The manager of Liverpool, Jurgen Klopp has admitted that he feels for the coach of Chelsea football club, Thomas Tuchel over the ongoing crisis at the London-based club. He, however, added that he does not have a problem with the sanction slammed on Chelsea owner Roman Abramovic. […]

  8. […] The owner of Chelsea, Roman Abramovich is officially no longer a director at the Premier League club days after the government of the United Kingdom froze the assets of the Russian billionaire. […]

  9. […] is a lot of uncertainty at Stamford Bridge right now, after club owner Roman Abramovich was sanctioned by the UK government, and there have been rumors that the Blues may be forced to sell some of its highest-paid players […]

  10. […] Mr Candy has also offered to provide short-term money to Chelsea, which faced Newcastle in the Premier League on Super Sunday, if the club encounters a cash emergency as a result of owner Roman Abramovich’s sanctioning. […]

  11. […] The club can spend up to £20,000 ($26,000) on travel to and from games as a result of the UK government’s sanctions on Chelsea owner Roman Abramovich. […]

  12. […] When his assets were blocked by the government, the Russian oligarch, who has been at the head of Stamford Bridge since 2003, was in the process of trying to find a buyer for the Premier League heavyweights. […]

  13. […] the freezing of Russian owner Roman Abramovich’s assets, the authorities granted Chelsea a license to continue […]

  14. […] owner Roman Abramovich facing government sanctions and the team up for sale, MP Julian Knight says he “fears for the future of […]

  15. […] the developing troubles at Chelsea, where owner Roman Abramovich attempted to sell the club but now has his assets frozen due to his strong ties to …, have given United genuine hope that Tuchel is now available and can be persuaded to Old […]

  16. […] are, however, subject to a number of restrictions after owner Roman Abramovich was sanctioned by the UK government and the EU in the aftermath of Russia’s invasion of Ukraine. The club is unable to sell tickets to games […]

  17. […] the United Kingdom and the European Union sanctioned the Russian billionaire for his ties with Russia’s […]

  18. […] After the UK government sanctioned him for his ties to Russian President Vladimir Putin, he was barred from becoming a club director and the sale of Chelsea was postponed. […]

  19. […] Roman Abramovich was sanctioned by the UK government on March 10 in retaliation to Russia’s invasion of Ukraine, the Blues are looking for new […]

  20. […] Roman Abramovich, a Russian billionaire that became famous across the world for being the owner of a Premier League club, Chelsea, has lost his club and other assets in the United Kingdom and other European countries due to the war. […]

  21. […] Following the invasion, the government of the United Kingdom confirmed that Abramovich was heavily linked with his country’s president. Hence, the UK government sanctioned him by freezing all his assets in England including Chelsea. […]

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