“The Russian oligarch who owns Chelsea football club was sanctioned by the UK government, halting a proposed sale of the Premier League club.”
A person with knowledge of the sale process, speaking anonymously because they were not authorized to speak on behalf of Abramovich, confirmed that the UK government had applied a set of sanctions against the Russian tycoon. This person confirmed that the oligarch’s attempt to sell Chelsea is at a standstill. The UK government’s decision comes in response to Russia’s annexe.
The Russian is trying to sell off their European champions in response to warnings from Parliament that “sanctions” might be raised.
The censorship of Abramovich’s ownership (which includes Chelsea) means that the club cannot sell any more match tickets.
The plan is to stop Abramovich from getting richer from Chelsea.
The government has issued a special license to allow operations to continue, staff to be paid and existing ticket-holders to go to the games. Season ticket holders can attend games for which they have tickets, but the club cannot now sell seats.
Chelsea FC will not conduct any player transactions or buy any players while the sanctions are imposed on club owner Roman Abramovich.
The government is reportedly open to considering an addition to the individual license, which will allow the sale of the club, but this would only be possible if Roman Abramovich – one of Russia’s wealthiest individuals who are close to Russian President Vladimir Putin – receives no funds.
He previously said that proceeds from the sale would go to victims of war. On Wednesday, there were 20 credible parties interested in a potential buyer for Chelsea.