Chelsea’s bank accounts have been frozen after the UK government sanctioned the Blues’ Russian billionaire owner Roman Abramovich, according to the Times.
The London club have been given a special licence to continue with football related activities but the sale effectively bars the sale of the club following Abramovich’s sanctioning.
Chelsea’s special license takes effect from March 10 2022 and expires on May 31 2022 and HM Treasury may vary, revoke or suspend this license at any time and the details have been revealed.
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As the Times reports Chelsea’s bank accounts have now been frozen leaving the club facing ‘financial paralysis’.
The report states that sources have warned that, despite the license allowing Chelsea’s day-to-day activities to continues, several of the club’s corporate accounts, including credit cards’ have been frozen.
This is due to banks being ‘risk-averse’ as a source told the Times: “The licence allows the club to continue with day-to-day activities but the banks don’t have the risk appetite for it. They’ve frozen some of the corporate credit cards. It’s put a lot more pressure on the club.”
A senior source at the club disclosed that they are concerned about the situation.
“It’s making it even more difficult to run our day-to-day operations.”
It remains to be seen as to the implications of the bank accounts being frozen as the Times state that the ‘immediate concern’ for Chelsea is that the crisis can trigger administration and a nine point deduction.
5 Comments
Just imagine hypocrisy of white peoole… just asking the Roman Abrahamovic to step down from ownership of the club is not enough… See how they let politics meddle with sports which is more a global cultural thing…
But… When it’s government in Africa who sponsors most National Football Associations wanting to boo-out it’s country corrupt FA chairman and board now, FIFA will shout from Zurich that government can’t interfere with football! Let them explain to us what all these sanctions on Russia from their Athletes to private business interests like this case of Chelsea now is…
Thank you my guy, that’s what I don’t understand how does politics relate with football. And the funniest thing is that he is just charged with having a relationship with Putin because Roman is an oligarchy in Russia. That’s all they just assume that he can be backing Putin, if Roman get good lawyers they fit sue FIFA
@Jimmy did it just down on you that the father of hypocrisy name the white. It is just a pity how black can never see beyond their nose.
What is happening to Russia and Russians now inform sanctions is enough message to us all in africa.
Let us develop this continent and reduce our level of dependent on these white ppl.
I pity all the bad leaders, looters and bad politicians who felt taken the wealth of their country meant to better the lives of their ppl to europe or america is safe there.
The day your country move in their opposote direction then all your stolen and hidden wealth becomes theirs.
Why stealing african money and spending it on their university,why stealing money and buying properties over there, why killing your health sector and jumping abroad to receive medical treatment at high and outrageous cost in their hospital rather develop our own.
No matter how useful you are to them now, one day will be one day they will tell it to your face that their least of interest is more than your own biggest worry.
America n the West are the biggest evil instruments in the hand of Satan himself. Believe them n be doomed for life. Just wish I can forward a telling video. This has nothing to do with individual white or black person as few are quite decent n honest people albeit majority have become robots programmed never to SEE THROUGH THEIR EVIL MACHINATIONS.Nothing you tell these stiff necks that will ever help them to reason out that truth. Thanks again @ Jimmyball, @ Mayans and @ Yinkus. I am as always n forever with you on this. BIG QUESTION? IS IT TODAY THAT BRITAIN, AMERICA N ENTIRE EUROPE START REALISING THAT THE OLIGARCHY HAVE ENRICH THEMSELVES NEFARIOUSLY? THE BRIBE TAKER IS WORSE THAN THE BRIBE GIVER BECAUSE HE CREATES A PASSAGE WAY FOR MORE BRIBE TAKING. THEY LOVE THE ABRAMOVICH SO CALLED BLOODY MONEY SO MUCH HENCE THEIR DECEIT OF SANCTIONING HIM BUT YET REFUSING TO LET HIM GO WITH HIS SO CALLED BLOOD MONEY. I SPIT THESE SATANS OUTTA ME SYSTEM.DISGUSTING LOTS.
What is America n Britain doing to the murdered Saudi Arabian journalist; Jamal Kashoggi. That must remain a non issue as long as the killer is their good book investing heavily in their economy as well as dolling out the “non blood money”??????????….LUBBISH.