Roman Abramovich asset freeze

9:32 AM

 

Football News


Welcome to the latest post on our football blog. Chelsea and their players have been in a state of limbo after the UK government imposed sanctions on Roman Abramovich, putting the sale of the club on hold and leaving the European champions at risk of falling into financial difficulties. Roman Abramovich’s attempts to sell Chelsea stopped following his UK asset freeze. Club given licence to carry on with football-related activities. This has been the focus of intense focus online:




Players are concerned about the direction of the club and, by extension, their own futures, and are desperate for clarity. They are alarmed because one of the stipulations that have arisen from the sanctions is that Chelsea are unable to sign players or renew existing contracts. One dressing-room source said it was “chaos”, with people fearing that the club could go into administration.

 The club have been given a special licence that will allow them to fulfil their fixtures, but faces an uncertain future after Abramovich’s assets were frozen because of the oligarch’s said connection with Putin and the Russian government. Chelsea have confirmed that their men’s team’s Premier League game against Norwich on Thursday night will go ahead. In a brief statement the club said it will ask the government to alter the terms of the licence.

Abramovich, who has come under intense scrutiny after Russia’s invasion, will not be allowed to profit from the sale of Chelsea. Government sources said they are open to considering an application for a new licence that would permit a new owner at Stamford Bridge if a suitable bid emerges. However, there lacks clarity about where the money from any sale would go, it is said.

We will be keeping a close eye on things to see how they unfold and what impact this has for the game. Find out more about this ongoing situation on our football blog. You can also check back for the latest Burnley FC and Premier League Updates coming soon! Find out more about Mike Garlick Burnley Football Club and the team here. Make sure you subscribe to our blog and leave your comments below. 





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