Chelsea's bank accounts suspended after Abramovich sanctioned by Government

Chelsea have had a number of accounts quickly frozen whereas banks assess the Stamford Bridge membership’s new working licence.

Proprietor Abramovich’s authorities sanctions have frozen all of the billionaire’s UK property barring Chelsea, with the membership persevering with to function below particular, stringent circumstances.

File picture dated 30-04-2005 of Chelsea proprietor Roman Abramovich (R) celebrates together with his gamers Frank Lampard and John Terry (L). Chelsea proprietor Roman Abramovich publicizes he's promoting the membership Situation date: Wednesday March 2, 2022.

Martin Rickett

These new authorities laws have seen exercise suspended on a number of Chelsea accounts on a short-term foundation, whereas extra element is sought on the Blues’ new licence, in response to PA.

Roman Abramovich’s Authorities sanctions have frozen all of the Russian-Israeli billionaire’s UK property besides Chelsea, however the Stamford Bridge membership can solely function below stringent licence.

Chelsea are lobbying the Authorities for alterations to permit the Champions League holders to function in as close to regular style as potential.

The membership have been blocked from promoting tickets from March 10 below the present phrases of that Authorities licence.

A safety officer places barricades exterior Stamford Bridge, the stadium for Chelsea Soccer Membership, after Britain imposed sanctions on its Russian proprietor, Roman Abramovich, in London, Britain, March 10, 2022. REUTERS/Hannah Mckay

HANNAH MCKAY

However sports activities minister Nigel Huddleston is known to have informed a gathering of the Soccer Supporters’ Affiliation on Thursday that the Authorities can be open to the thought of a return to ticket gross sales.

Abramovich has been sanctioned after the UK Authorities claimed to have confirmed the 55-year-old’s hyperlinks to Russia’s president Vladimir Putin.

The Chelsea proprietor denies any affiliation with the Russian chief, however put the membership up on the market on March 2 amid Russia’s continued invasion of Ukraine.

Chelsea’s long-term future is doubtful by Abramovich’s sanctions, however the Tory management may nonetheless oversee the membership’s sale by way of a particular licence from the Treasury.