EPL: UK govt provides Abramovich one condition to offer Chelsea after imposing sanctions

Last Updated: March 11, 2022By Tags: , , , , , , , , , ,

The UK federal government will allow Roman Abramovich to sell Chelsea, only if none of the proceeds come to him.

Abramovich was finally sanctioned on Thursday morning, with the federal government claiming that the Russian oligarch had been “associated with destabilising Ukraine and undermined and threatened the territorial integrity, sovereignty and self-reliance of Ukraine” via the steel producing business Evraz PLC.

. Chelsea have actually been offered an unique license to continue running, but can not sell tickets and product or carry out player transfers or contract settlements.

Abramovich had actually put the Blues up for sale last week with a asking price of ₤ 3billion, including that the profits would go to “victims of the war in Ukraine”.

That sale has actually been postponed for the foreseeable future following the sanctions.

Nevertheless, the UK Telegraph reports the Russian billionaire can still continue if he consents to turn over the procedure to the federal government.

The federal government would decide the worth of the club, and where the funds from any deal will go.