Sanctions for oligarch Abramovich leave his Chelsea soccer club in a precarious position
The prized British soccer club's future has been thrown into disarray after sanctions were laid on its oligarch owner Roman Abramovich Thursday.
Chelsea's stadium, Stamford Bridge is seen through trees in London on March 10, 2022, as Chelsea's Russian owner Roman Abramovich was hit with a UK assets freeze and travel ban, throwing his plans to sell the European and world club champions into disarray.Chelsea FC, one of the U.K.'s most prized soccer clubs, is facing an uncertain future after its Russian oligarch owner Roman Abramovich was hit with sanctions over his ties with President Vladimir Putin.
The clampdown on Abramovich was largely expected of a government facing increasing pressure to toughen its stance on Putin's inner circle.fire sale of his U.K. assetsRoman Abramovich, owner of Chelsea, waves at fans after the UEFA Champions League Final between Manchester City and Chelsea FC at Estadio do Dragao on May 29, 2021, in Porto, Portugal.However, the London-based club, which on Thursday marked its 117-year anniversary, appeared to be caught largely off guard.
Currently, the club can continue to play matches — as it did Thursday evening — and undertake "reasonable travel costs" up to a maximum of £20,000. However, only season-ticket holders and those who have already bought tickets will be allowed to attend.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chelsea owner Roman Abramovich among seven Russian oligarchs added to UK sanctions listRussia bombed a maternity and children's hospital in Mariupol, southern Ukraine, city officials said Wednesday. Ukraine's President Zelensky said the attack was 'proof of a genocide.' Follow here for live news updates from on the ground in Ukraine.
Read more »
Roman Abramovich, Chelsea soccer club owner, sanctioned by U.K. in push to punish Russian oligarchs'Oligarchs and kleptocrats have no place in our economy or society,' British Foreign Secretary Liz Truss said. 'With their close links to Putin they are complicit in his aggression.'
Read more »
Chelsea soccer club owner Roman Abramovich swept up in $19 billion U.K. sanctions hit on Russian oligarchsChelsea soccer team owner Roman Abramovich will face an asset freeze and travel ban, but the top-ranked club will be allowed to continue football related...
Read more »
U.K. Govt. Freezes Assets of Russian Oligarch and Chelsea Soccer Club Owner Roman AbramovichThe oligarch was one of seven Russian billionaires to be added to be added to a sanctioned list in response to the invasion of Ukraine.
Read more »
UK Adds Russian Billionaire and Chelsea Soccer Club Owner Roman Abramovich to Sanctions ListRussian oligarch Roman Abramovich, the outgoing owner of Chelsea FC and a longtime ally of President Vladimir Putin, has been sanctioned by U.K. authorities.
Read more »
UK imposes asset freezes on Abramovich, Rosneft boss SechinLONDON – Britain imposed sanctions on Chelsea soccer club owner Roman Abramovich and Igor Sechin, the chief executive of Russian oil giant Rosneft, hitting them with asset freezes and travel …
Read more »