Connect with us

World News

Roman Abramovich disqualified as director of Chelsea by Premier League board

Published

on

Chelsea owner Roman Abramovich has been disqualified as a director of the club by the Premier League board.

It comes after sanctions were imposed on Abramovich by the UK government following the Russian invasion of Ukraine, including the freezing of the Russian oligarch’s assets which range from property to Chelsea FC.

The subsequent restrictions have limited Chelsea’s ability to operate normally, with the club being granted a special license to continue playing football matches and pay staff.

Advertisement

However, it cannot receive commercial income or operate at all in the transfer market, and unless the club is sold by the end of the season it could face liquidation.

Abramovich was sanctioned due to being a noteworthy individual in Russia with relations to President Vladimir Putin, who ordered Russia’s invasion of Ukraine

The government are expected to step in by granting Chelsea a further license to allow them to be sold, which will see Abramovich not receive any of the proceeds of the sale, as per the sanctions placed upon him.

Despite the disqualification, a statement from the Premier League board said: “The Board’s decision does not impact on the club’s ability to train and play its fixtures, as set out under the terms of a licence issued by the Government which expires on 31 May 2022.”

On top of the sanctions initially imposed on them on Thursday, Chelsea have also seen their sponsorship with Three temporarily terminated and have seen their account with Barclays bank temporarily suspended as well.

Advertisement

Chelsea’s next fixture is on front of its home fans when they host Newcastle United, who are in red hot form.

Advertisement
Comments
Advertisement
Advertisement
Advertisement
Advertisement Web Hosting in Nigeria
Advertisement
Advertisement

Trending