Chelsea Sale On Hold Due To UK Sanctions On Abramovich

Roman Abramovich’s hopes of selling European champions Chelsea were put on hold on Thursday after the UK government hit the Russian billionaire with an … Continue reading Chelsea Sale On Hold Due To UK Sanctions On Abramovich

By Tom Jones Usen

Updated March 10, 2022

In this file photo taken on September 13, 2011 A general view of Stamford bridge is pictured before the start of the UEFA Champions League Group E football match between Chelsea and Bayer Leverkusen at Stamford Bridge in London. Chelsea owner Roman Abramovich on March 2, 2022, confirmed he will sell the Premier League club amid Russia’s invasion of Ukraine. Russian billionaire Abramovich has decided it is in the “best interest” of the Champions League holders if he parts ways with the club he has transformed since his purchase in 2003. Ian KINGTON / AFP

(FILES) In this file photo taken on September 13, 2011, A general view of Stamford bridge is pictured before the start of the UEFA Champions League Group E football match between Chelsea and Bayer Leverkusen at Stamford Bridge in London.
Ian KINGTON / AFP

Roman Abramovich’s hopes of selling European champions Chelsea were put on hold on Thursday after the UK government hit the Russian billionaire with an assets freeze.

The finance ministry said restrictions “apply to any entities that are owned or controlled by Roman Abramovich”, adding: “This means Chelsea Football Club is now also subject to an asset freeze under UK financial sanctions.”

More to follow . . ..