What Abramovich’s penalty means for Chelsea: Transfers and contract bans, no more ticket sales and club shops closing

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Chelsea Owner Roman Abramovich has been sanctioned by the UK government, putting the future of the club at stake.

The Russian-Israeli billionaire has owned Chelsea since 2003, but he put the club up for sale last week amid the threat of sanctions following Russia’s invasion of Ukraine.

The government’s ‘oligarch’s task force’ has targeted people with ties to the Kremlin and has sanctioned Abramovich due to his ties to Russian president Vladimir Putin, as well as his stake in the Kremlin. company Evraz PLC, which was “capable of supplying steel to the Russian Army that could have been used for the production of tanks”.

The government sanction document explains: “Abramovich was in contact with a person who was/was involved in destabilizing Ukraine and undermining/threatening the territorial integrity, sovereignty and independence of Ukraine, which is Vladimir Putin, with whom (he) has had a close relationship for decades. ”

Prime Minister Boris Johnson added: “There can be no safe haven for those who have supported Putin’s diabolical attack on Ukraine. Today’s sanctions are the latest step in the UK’s unwavering support for the Ukrainian people. We will ruthlessly hunt down those who allow the killing of civilians, the destruction of hospitals and the illegal occupation of sovereign allies.”

What does this mean for Chelsea?

Abramovich’s UK assets have been frozen, meaning he cannot sell Chelsea. The government will try to make sure he can’t make any more money from the club.

Chelsea has been given special permission to continue operating due to the important role the club plays in sport and society. Players and staff will continue to be paid, but the club is currently unable to sell more tickets to those already sold.

Clubs can continue to spend money on travel to training and matches, up to £20,000 per game. The club’s shops will be closed but stadium catering can continue as well as hiring security guards and managers, which will cost up to £500,000 per game.

Chelsea can still take money from existing Premier League The TV deals, will allow the club to pay its employees, but all incoming money will be frozen so that it cannot be withdrawn from the club.

“Our priority is to keep those who activated the Putin regime accountable,” said Nadine Dorries, secretary for digital, culture, media and sport.

“Today’s sanctions clearly have a direct effect on Chelsea and its fans. We have worked hard to ensure the club and the national game are not unnecessarily harmed by these important sanctions.

“To ensure the club can continue to play and operate, we are issuing a special license to carry out fixtures, salaried staff and match ticket holders, while most importantly, depriving Abramovich of the right to benefit from ownership of the club. .

“I know this brings some uncertainty, but the government will work with the federation and the clubs to keep football playing while ensuring sanctions achieve those goals. . Football clubs are cultural assets and the foundation of our communities. We are committed to protecting them. “

Members of the Chelsea hierarchy will meet government officials late on Thursday to further discuss the implications.

What about wire transfer?

There are no clear limits on future transfers, only meaning that current obligations can still be met.

The government’s explanation of Chelsea’s special operating license says Chelsea can make “inter-club payments to fulfill obligations that existed prior to 10 March 2022 under the agreement”. loan/sell players”.

This shows that only previously agreed payments can be made and received, meaning Chelsea is effectively under a transfer ban and no new signings can be made by transfer or loan.

It also raises the question of whether new contracts can be offered to players whose contracts expire at the end of the season, such as captain Cesar Azpilicueta and fellow defenders Antonio Rudiger and Andreas Christensen.

What about tickets for upcoming matches?

Chelsea fans who have already purchased tickets for the upcoming match will still be able to attend. Similarly, visiting fans who have purchased tickets to Stamford Bridge will still be able to watch the match. But no new deals can be made, so only season ticket holders are eligible for unsold season-end games.

The Chelsea website appears to still sell tickets, but tickets purchased on or after March 10 will not be valid.

https://www.independent.ie/sport/soccer/premier-league/what-abramovich-sanction-means-for-chelsea-transfer-and-contract-ban-no-more-ticket-sales-and-club-shop-closed-41431165.html What Abramovich’s penalty means for Chelsea: Transfers and contract bans, no more ticket sales and club shops closing

Fry Electronics Team

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