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Abramovich unable to sell Chelsea as UK Government freezes assets

Newspeak Reporter by Newspeak Reporter
March 10, 2022
in Foreign
Reading Time: 2 mins read
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Abramovich unable to sell Chelsea as UK Government freezes assets
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By Emmanuel Adeleke

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Chelsea owner, Roman Abramovich, has beenĀ  sanctioned by the UK Government on Thursday, as part of its response to Russia’s invasion of Ukraine.

Abramovich is one of  the seven oligarchs to be hit with fresh sanctions, such as freezing of assets and travel bans.

FeedWell

The list also include Russian billionaires, Igor Sechin and Oleg Deripaska, both seen as allies of Russian President, Vladimir Putin.

Speaking on the sanctions, British Prime Minister, Boris Johnson, said: “There can be no safe havens for those who have supported the invasion.

“Today’s sanctions are the latest step in the UK’s unwavering support for the Ukrainian people. We will be ruthless in pursuing those who enable the killing of civilians, destruction of hospitals and illegal occupation of sovereign allies.”

The government had come under pressure to sanction  Abramovich, who said he had made the “difficult decision to sell Chelsea Football Club” earlier this month.

Chelsea has been seized from Abramovich  as part of the decision to freeze his assets and the sale of the club is now on hold.

The government says it will issue a special licence that will allow fixtures to be fulfilled, staff to be paid and existing ticket holders to attend matches.

“Season ticket holders can still attend games they have tickets for but club cannot now sell any more tickets that haven’t been sold already. The merchandise shop will be closed,” the government said.

Abramovich, 55,  is said  to  have strong ties to Putin, a claim  he has since denied.

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