The British government has halted the sale of Chelsea Football Club after sanctions were imposed on its owner, Russian billionaire Roman Abramovich.
Abramovich, identified as a “loyal Kremlin oligarch” in a government document, “has frozen his assets, banned dealings with British individuals and companies, and travel bans and transport sanctions as part of the UK’s response to Russia’s invasion of Ukraine.” The 55-year-old chairman offered The London-based Premier League club is for sale.
Chelsea are now in trouble, but at the same time they have been given a special license to allow matches to be filled, and to pay current staff and ticket holders to attend matches.
He will not be able to make transfers or renew contracts. It is also prohibited to sell its products as well as new tickets – only season ticket holders and fans who purchased tickets for individual matches before March 10th can attend matches until the end of the season.
Chelsea may pay reasonable travel costs to and from matches, but not to exceed £20,000 per match for each team.
The team may pay a fee of up to £500,000 to host matches at home. Nadine Doris, Minister of Sports and Culture, tweeted: “I know this brings some uncertainty, but the government will work with the league and clubs to continue football while ensuring that sanctions affect who is provided. Football clubs are cultural assets and the foundation of our societies. We are committed to protecting them.”
Another government statement: “In light of the significant impact of the sanctions on Chelsea Football Club and the potential ramifications, a license has been provisionally granted to allow a number of football-related activities at Chelsea. This includes permissions for the club to continue playing matches and other football-related activities which in turn will protect the Premier League. and the wider football pyramid, loyal fans and other clubs.
This license will only allow for certain expressly specified actions to ensure that the specified person is not able to circumvent UK sanctions. The license will be constantly reviewed and we will work closely with the football authorities.”
Billionaire loyalist to the Kremlin
Abramovich, who bought Chelsea FC in 2003, is among seven Russian figures who have been sanctioned by the British government over their links to President Vladimir Putin.
Her Majesty’s Treasury Financial Sanctions Office issued a statement Thursday saying, in part, that “Roman Arkadyevich Abramovich is a prominent Russian businessman and a few Kremlin supporters.”
Abramovich is associated with a person who participated or participated in the destabilization of Ukraine and undermines and threatens the territorial integrity, sovereignty and independence of Ukraine, in particular Vladimir Putin, with whom Abramovich has had a close relationship for decades.
This association involved receiving financial or other material benefits from Putin and the Russian government. This also includes tax breaks received by Abramovich-related companies, the purchase and sale of shares to and from the country at reasonable prices, and contracts obtained in the run-up to the FIFA World Cup. 2018.
So Abramovich got preferential treatment and concessions from Putin and the Russian government.
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