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Roman Abramovich sanctioned by the UK Government, All UK assets frozen

EXCLUSIVE Football News

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Default Roman Abramovich sanctioned by the UK Government, All UK assets frozen

Roman Abramovich has been sanctioned by the Government and his assets - including Chelsea Football Club - have been frozen.

A new license will ensure the club can fulfill its fixtures, staff and players can be paid and that it can continue.

The sale of the club is now on hold.

Season ticket holders can still attend games they have tickets for but club cannot now sell any more tickets that havenít been sold already

Merchandise shop will be closed
This is what Chelsea are allowed to do:

1. Pay the wages, allowances and pensions of all employees of the Club
2. Pay fees, dividends or other allowances to directors of the Club, which are payable under obligations which pre-date the licence. Remuneration, such as any fees, dividends, allowances or other payments to the DP or for the DPís benefit are prohibited
3. Continue the payment necessary for the ongoing regular maintenance of the Club and the Clubís grounds, including rates, council tax, other taxes, insurance building safety inspection costs, energy costs and other maintenance costs associated with the maintenance of the Clubís ground and training grounds, but excluding new capital works or refurbishments
4. Pay reasonable costs of travel to and from fixtures by any of the Clubís teams for players and essential staff including costs for security staff, travel agencies or contractors. These costs may include travel, accommodation and subsistence costs, but may not exceed £20,000 per game, per Club team
5. Make payments for goods and services necessary for the hosting of fixtures held at the Clubís grounds, including security, stewarding, emergency services and catering, not exceeding the value of £500,000 per fixture per Club team
6. Continue to make inter-club payments to discharge obligations which existed prior to the designation under player loan and sale agreements

Persons who purchased tickets prior to 10 March 2022, including season-tickets purchased before that date, are permitted to attend fixtures and purchase refreshments at fixtures.

Where persons pay for season tickets in regular instalments, those persons who entered into a payment plan before this date can continue to make payments.

Broadcasters may broadcast fixtures involving the Club, and the Club may still receive payments associated with broadcasting, including payment of broadcasting licence fees due to the Club.

Relevant bodies, including the English Football Association, the Premier League and the Union of European Football Associations may still pay the Club fees relating to their performance in competitions hosted by those bodies.

Last edited by manic01; 10-03-2022 at 12:01..
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