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Abramovich unable to sell Chelsea as UK government freezes Russian’s assets: See What This Means

Abramovich unable to sell Chelsea as UK government freezes Russian’s assets: See What This Means

Chelsea owner Roman Abramovich is now unable to sell the club after the UK government froze the billionaire’s assets as reported by GOAL.Information Guide Nigeria

HM Treasury’s Office of Financial Sanctions released a statement on Thursday which, in part, reads: “Roman Arkadyevich ABRAMOVICH (hereafter ABRAMOVICH) is a prominent Russian businessman and pro-Kremlin oligarch.

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“ABRAMOVICH is associated with a person who is or has been involved in destabilising Ukraine and undermining and threatening the territorial integrity, sovereignty, and independence of Ukraine, namely Vladimir Putin, with whom ABRAMOVICH has had a close relationship for decades.

“This association has included obtaining a financial benefit or other material benefits from Putin and the Government of Russia.

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“This includes tax breaks received by companies linked to ABRAMOVICH, buying and selling shares from and to the state at favourable rates, and the contracts received in the run up to the FIFA 2018 World Cup.

“Therefore, ABRAMOVICH has received preferential treatment and concessions from Putin and the Government of Russia.”

The Stamford Bridge side are now effectively in limbo, with Abramovich having hoped to sell the club before the sanctions were imposed.

GOAL also reported that Culture secretary Nadine Dorries said that Chelsea will be issued with a “special licence” which means all football-related activities, such as Thursday’s clash with Norwich, can go ahead.

However, the club cannot sell tickets for matches, meaning only season ticket holders will be able to attend games in person.JAMB Result

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Emediong Ekpe

Emediong Ekpe is a graduate of English. A professional Sports journalist/analyst, and a spoken word artist. He is passionate about decimating information and putting smiles on people's faces via news writing.

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