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SPORTS UPDATE

End of the road: British govt freezes Abramovich’s asset and cannot sell Chelsea

Chelsea owner Roman Abramovich, who is in the process of trying to sell the club, has been officially sanctioned by the British government as they take action against Russian Oligarchs.

The British government has officially added Chelsea owner Abramovich to list of sanctioned individuals.

Abramovich has seen his assets frozen, but Chelsea have been given a sporting licence to continue trading as a football club.

However, the measures mean he will no longer be allowed to sell Chelsea Football Club.

And the club are also set to be impacted in numerous ways, including being unable to sell tickets with only season ticket holders able to attend games.

A government statement confirmed: “Given the significant impact that the sanctions would have on Chelsea football club and the potential knock-on effects of this, the Government has this morning published a licence which authorises a number of football-related activities to continue at Chelsea.

“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 licence will only allow certain explicitly named actions to ensure the designated individual is not able to circumvent UK sanctions. The licence will be kept under constant review and we will work closely with the football authorities. ”

Abramovich is amongst seven more Russian businesspeople to be hit by sanctions by the UK government in the wake of Vladimir Putin’s invasion of Ukraine.

Prime Minister Boris Johnson said: “There can be no safe havens for those who have supported Putin’s vicious assault on Ukraine.

“Today’s sanctions are the latest step in the UK’s unwavering support for the Ukrainian people.

“We will be ruthless in pursuing those who enable the killing of civilians, destruction of hospitals and illegal occupation of sovereign allies.”

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