Chelsea FC owner Roman Abramovich sanctioned in UK for Putin link

Abramovich said last week he was trying to sell Chelsea as the threat of sanctions loomed

Abramovich
Roman Abramovich. Photo: Bloomberg
AP | PTI London
1 min read Last Updated : Mar 10 2022 | 4:32 PM IST

Unpreceded restrictions were placed on Chelsea's ability to operate by the British government on Thursday after owner Roman Abramovich was targeted in sanctions.

Abramovich was among seven wealthy Russians who had their assets frozen by the government. It freezes his ability to sell Chelsea which was announced last week after Russia invaded Ukraine.

The government has issued what it calls a special license to ensure Chelsea can continue to play games and staff can be paid. But the club won't be able to sell new tickets to any fans or sell merchandise.

It is about depriving Abramovich of benefiting from his ownership of the club, Culture Secretary Nadine Dorries tweeted.

I know this brings some uncertainty, but the Government will work with the league & clubs to keep football being played while ensuring sanctions hit those intended. Football clubs are cultural assets and the bedrock of our communities. We're committed to protecting them.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Oleg V DeripaskaRussiaUK govtRussia Ukraine Conflict

First Published: Mar 10 2022 | 3:17 PM IST

Next Story