BREAKING: EPL: Chelsea’s savings account frozen following Abramovich’s sanctions

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Chelsea’s bank accounts have been frozen, after the UK government sanctioned owner Roman Abramovich, the UK Times reports.

The Blues have actually been given an unique licence to continue with football associated activities, but a proposed sale of the club has actually been postponed.

The special license ends on May 31 2022, however HM Treasury might vary, withdraw or suspend this license at any time.

Nevertheless, the club’s checking account have actually now been frozen, leaving the club facing ‘monetary paralysis’.

In spite of the license allowing Chelsea’s daily activities to continue, numerous of the club’s business accounts, including charge card’ have been frozen.

This is due to banks being ‘risk-averse’.

A source said: “The licence permits the club to continue with day-to-day activities however the banks do not have the danger hunger for it.

“They’ve frozen some of the business charge card. It puts a lot more pressure on the club.”