Abramovich announced this month he plans to sell Chelsea, as it is “in the best interest of the Club, the fans, the employees, as well as the Club’s sponsors and partners.” This came after he declared he gave “stewardship” of the club over to trustees of the club’s charitable foundation.
But the new sanctions will see his assets frozen and will prohibit “transactions with UK individuals and businesses,” the UK’s Foreign, Commonwealth & Development Office said in a statement Thursday. The billionaire will also face a travel ban forbidding him to enter the UK.
According to the UK government, Chelsea will be given a special license to continue to “fulfil its fixtures and carry out football business” — including the payment of players and club staff — but certain actions will not be permitted, such as buying and selling new players and selling tickets for games beyond those already sold to fans. Existing season ticket holders will be allowed to attend matches as well as fans who purchased tickets prior to Thursday.
Fans can buy food and drink at these matches, according to the statement, and under the sanctions, third party retailers who bought or produced club merchandise prior to Thursday will be allowed to sell their existing stocks as long as no money is given to Chelsea.
British Member of Parliament Chris Bryant had previously called for Abramovich to lose ownership of Chelsea after seeing a leaked 2019 UK government document that said Abramovich was of interest due to his “links to the Russian state and his public association with corrupt activity and practices,” the MP said in a Twitter post.
Abramovich is worth is an estimated £9.4 billion ($12.36 billion), according to the UK government.
The UK is “absolutely determined” to sanction Russian oligarchs, British Foreign Secretary Liz Truss said this month, adding that the UK was working through “a further list” of oligarchs to sanction.
“There is nowhere for any of Putin’s cronies to hide,” Truss continued.
MORE TO FOLLOW…
CNN’s George Ramsay contributed reporting.
UK sanctions Russian oligarch and Chelsea owner Roman Abramovich
