Football News: Chelsea’s future has been cast into doubt after Russian owner Roman Abramovich was sanctioned by the United Kingdom in reaction to the invasion of Ukraine. Since taking over as chairman in 2003, Abramovich has financed the Blues’ most successful period in their history, with the team winning five Premier League crowns and two Champions Leagues among 19 major trophies. The oligarch, who is said to be a member of Russian President Vladimir Putin’s close circle by the UK government, has already expressed his desire to sell Chelsea owing to the possibility of penalties. The aim, according to UK Culture Secretary Nadine Dorris, is to “call those who have allowed the Putin administration to account.”
“Today’s sanctions obviously have a direct impact on Chelsea and its fans,” she tweeted. “We have been working hard to ensure the club & the national game are not unnecessarily harmed by these important sanctions.”
Chelsea, who play Norwich in the Premier League later on Thursday, has been granted a special licence to continue operating.
Even that licence, though, sets some stringent conditions on a team that is still in contention for the Champions League and FA Cup this season and is now ranked third in the Premier League.
The impact of Abramovich’s punishments on the club is examined by AFP Sport:
Sale on hold
Because Abramovich’s assets have been frozen, any sale of the club appears to be on hold for the time being.
“Chelsea Football Club is now also subject to an asset freeze under UK financial sanctions,” said the government’s Office of Financial Sanctions Implementation.
A number of potential buyers have expressed interest, though many thought Abramovich’s estimated £3 billion ($4 billion) asking price was too high.
The Chelsea Supporters’ Trust (CST) issued the following statement: “The CST is concerned about the government’s remark about the owner. Supporters must be included in any discussion about the club’s long-term influence on its global fan base.”
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