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Chelsea operating license revised by government with new matching date budget

The UK government has tweaked the West London club’s license to allow them to increase their game day budget but travel restrictions remain amid European concerns

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Thomas Tuchel on offering players new contracts

Chelsea has been granted a license by the British government to amend its operating license with an increased budget for matches.

The government is now in charge of the budgetary issues surrounding the club after sanctions imposed on the owner of The Blues, Roman Abramovich.

This billionaire has had his assets frozen in the UK after Russia repeatedly invaded Ukrainealthough he continues to deny any connection to the president Vladimir Putin.

On Saturday, Premier League confirm they have suspended Abramovich as club director.

The West London club are currently operating under a special license – severely restricting their source of income – and shirt sponsors The three have suspended their partnershipworth £40 million per year.

Barclays has also suspended the club’s bank account and it is possible that the Blues could face financial constraints between now and the summer due to the precarious situation.

Let’s say yours! Will there be a summer exodus of players at Chelsea? Let us know what you think here.







Chelsea’s game day budget has been increased due to government amendment
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JUSTIN TALLIS / AFP via Getty Images)

Initially, the Blues were limited to a per-match budget of £500,000 due to government sanctions against owner Abramovich.

That is the budget that the club can spend on match day, including security and match management, among other expenses for services around the match.

This has now been increased to allow the club to spend £900k on their match day budget, closer to the £1m normally spent.

That is the main modification to the license, but the other changes appear to be more lenient with the club and allow them more breathing space to operate.

Clubs can currently claim any bonuses from their successes on the pitch but will not be able to access that money under their current state of ownership.

However, the two main areas where the revision has not yet updated are matchday ticket sales and the club’s travel budget for away matches.

Because Chelsea Club matches, the club is no longer allowed to sell tickets for matches other than those completed prior to the sanctions against Abramovich.

That means only season ticket holders and those who have already purchased tickets to their matches will be able to attend the matches.

The club’s budget for away matches remains capped at £20k – an amount that could be prohibitive for travel to European matches.

Chelsea cannot sign, sell players or renew existing deals. Antonio Rudiger, Andreas Christensen and captain Cesar Azpilicueta are contract expires in June.

Speaking after the 3-1 win over Norwich on Thursday night, manager Thomas Tuchel praised his players for coming through under difficult circumstances.







Tuchel has admitted that the club’s situation is challenging for him and his players
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REUTERS)

“Of course, there is a lot of distraction, another level of distraction with sanctions and we can feel it,” said the German coach.

“The players talked about it, they were aware of it and we accepted it, but the rhythm, the excitement and the love for the game helped us.

“We ask it to work hard, sweat and work together. That’s the best thing to regain focus and enjoy what we’re doing.

“Full credit, I think the team showed great character and we can be proud that they have produced performances like this in all circumstances.

“It tells us that we are right to trust them, that the attitude is right, the culture at the club is right and we keep going.”

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https://www.mirror.co.uk/sport/football/news/chelsea-budget-government-roman-abramovich-26450529 Chelsea operating license revised by government with new matching date budget

Fry Electronics Team

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