War In Ukraine: UK Seizes Abramovich’s Assets, 6 Russian Oligarchs, Stops Sale of Chelsea FC

War In Ukraine: UK Seizes Abramovich’s Assets, 6 Russian Oligarchs, Stops Sale of Chelsea FC

  • The UK government has taken a stern and punitive measure against Chelsea FC owner, Roman Abramovich
  • In a statement released on Thursday, March 10, the British government said it has seized Abramovich's assets including those of other Russian oligarchs
  • The government revealed that it has stopped the sale of the English football club while allowing it to function without benefiting Abramovich

Decrying the invasion in Ukraine, the United Kingdom on Thursday, March 10, impounded all assets of Chelsea FC owner, Roman Abramovich.

It has been proven that Abramovich is one of seven oligarchs facing sanctions, including asset freezes and travel bans over the Russian shelling and killings in Ukraine.

Roman Abramovich
For now, Roman Abramovich will not be benefiting from the profits of the club (Photo: Roman Abramovich)
Source: Facebook

Other billionaires suffering similar sanctions are Igor Sechin and Oleg Deripaska, regarded as allies of Vladimir Putin.

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Prime Minister Boris Johnson insisted that there will be no means of escape for all supporters of the invasion.

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He added:

“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.”

Sanctions will affect Chelsea club and fans

However, Nadine Dorries, the secretary of state for culture, media, and sport, in a statement seen by Mirror, disclosed that the sanctions will directly affect the club and its fans.

But Dorries noted that the government has given "a license that will allow fixtures to be fulfilled, staff to be paid and existing ticket holders to attend matches while crucially, depriving Abramovich of benefiting from his ownership of the club."

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The secretary added:

"I know this brings some uncertainty, but the Government will work with the league & clubs to keep football being played while ensuring sanctions hit those intended. Football clubs are cultural assets and the bedrock of our communities. We're committed to protecting them."

Roman Abramovic to lose Chelsea over Ukraine invasion by Russia

Earlier, it was gathered that Abromovic might lose his grip on Chelsea Football Club as part of a major crackdown by the West led by the US government to put pressure on Putin to leave Ukraine.

Investors are said to have begun to jostle for the Premiership side which has belonged to Abromovic since 2003.

Sports entrepreneurs as well as some US firms have started to draw up potential takeover plans for the purchase of the club.

Source: Legit.ng

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