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Roman Abramovich unable to sell Chelsea after UK freezes assets | Chelsea

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Roman Abramovich’s hopes of promoting Chelsea have been placed on maintain after the Russian oligarch was sanctioned by the UK authorities.

Abramovich’s UK belongings have been frozen as a part of the UK’s response to Russia’s invasion of Ukraine. In a doc printed by the federal government on Thursday morning, Chelsea’s proprietor was recognized as “a pro-Kremlin oligarch” and was stated to be “related to an individual who’s or has been concerned in destabilising Ukraine and undermining and threatening the territorial integrity, sovereignty and independence of Ukraine, particularly Vladimir Putin, with whom Abramovich has had a detailed relationship for many years.”

The doc said that Abramovich has had a detailed relationship with Putin “for many years” and that the affiliation has led to him benefitting financially.

The federal government stated: “This affiliation has included acquiring a monetary profit or different materials profit from Putin and the Authorities of Russia. This contains tax breaks acquired by firms linked to Abramovich, shopping for and promoting shares from and to the state at beneficial charges, and the contracts acquired within the run-up to the 2018 World Cup. Due to this fact, Abramovich has acquired preferential remedy and concessions from Putin and the federal government of Russia.”

Abramovich has repeatedly denied that he’s linked to Putin or the Russian state, or that he has achieved something to benefit being sanctioned.

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The measures imply that Abramovich can’t promote Chelsea or put money into the membership. The 55-year-old put the membership up on the market final week and had been hoping for a deal to undergo rapidly. There was curiosity within the membership from a number of events.

Chelsea, who have been purchased by Abramovich in 2003, now face an unsure future. The European champions have been given a particular licence to proceed working, however they’ll achieve this with restrictions hanging over them. They can’t promote tickets, no merchandise gross sales are allowed and so they can’t signal gamers or hand out new contracts. Season ticket holders are allowed to attend video games and catering providers can be permitted.

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