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October 6, 2022
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Chelsea owner Roman Abramovich sanctioned by the UK government

As the war between Russia and Ukraine rages on, a number of sanctions especially financial ones continue to be meted out onto Russia and especially Russian oligarchs.

The latest to face foreign sanctions from the UK government is Roman Abrmovich the owner of English Premier League side Chelsea FC.

Abramovich who is a close friend of Putin after facing backlash from the West for not condemning the Russian invasion on Ukraine was forced to put up the London based club for sale.

The billionaire reveled that the selling price was 3 billion dollars. He also added that the proceeds would be used to help Ukrainians affected by the war.

It however seems that pushing Abramovich out of the club he built into a European powerhouse wasn’t enough and now all his assets in the UK have been frozen.

In the frozen assets includes Chelsea football club whose sale won’t be happening for now.

The club also wont be selling any more tickets as only season ticket holders will be the ones accessing the games.

The club will further be affected in ways such as not signing new players, selling any merchandise or new contracts being signed.

The only luxuries Chelsea are left with will be paying salaries and catering services at the stadium.

The move likely comes after a section of Chelsea fans chanted Abramovich’s name during the recent Premier League game against Burnley over the weekend.

This was during the moment dedicated to the war victims in Ukraine.

The move however seems a harsh one owing to the things the Russian has done for the country’s social economic development.

It’s one that some football fans disagree with as it’s the fans that are being hurt. Besides Abramovich is part of the team trying to broker peace between the two countries.

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