September 27, 2022

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Roman Abramovich: Britain imposes sanctions on the Russian oligarch and the owner of Chelsea

Roman Abramovich: Britain imposes sanctions on the Russian oligarch and the owner of Chelsea


London
CNN

UK added Russian oligarch and owner of Chelsea FC Roman Abramovich to the list of individuals subject to sanctions as part of its efforts to “isolate” Russian President Vladimir Putin After the Russian invasion of Ukraine Questioning the sale of the London club and banning the sale or purchase of players until further notice.

And the UK government said in a statement on Thursday that it was Adding seven more oligarchs and politicians – Including Abramovich – to the list of sanctioned individuals.

Abramovich announced this month that he plans to sell Chelsea, as it is “in the interest of the club, the fans and staff as well as the club’s sponsors and partners”. This came after he announced that he had given “oversight” of the club to the trustees of the club’s charitable foundation.

The UK’s Foreign, Commonwealth Office and Development Office said in a statement on Thursday that the new sanctions would lead to a freeze on his assets and would ban “transactions with UK individuals and businesses”. The billionaire will also face a travel ban preventing him from entering the UK.

What can the club not do?

  • Enter into transfer deals for new players or get paid to sell existing players.
  • Issuing new contracts for existing players.
  • Sell ​​Any New Tickets for Upcoming Games – Only season ticket holders can go to the games for the foreseeable future.
  • Sell ​​any merchandise – However, any third party that has bought or produced Club Merchandise before Thursday is allowed to sell stock.
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  • According to the UK governmentChelsea will be given a special license to continue to “complete its fixtures and carry out football business” – including paying players and club staff – but some actions, such as buying and selling new players and selling tickets for games other than those already sold to fans, will not be permitted.

    Existing season ticket holders will be allowed to attend matches as well as fans who purchased tickets before Thursday.

    Fans can buy food and drink in these matches, according to the statement, and under the sanctions, third-party retailers who have purchased or produced club merchandise before Thursday will be allowed to sell their existing stock as long as no money is given to Chelsea.

    What can the club do?

  • Payment of allowances and pensions to all club employees, including the salaries of players and coaching staff.
  • Pay reasonable costs for travel to and from matches but ‘not to exceed £20,000 per match per team’.
  • Pay reasonable costs necessary for the purposes of the club hosting matches on its own home but “not to exceed £500,000 per fixture per team”.
  • Payment of fees, dividends or other allowances to club directors.
  • Pay a “reasonable fee” or other costs directly related to the ongoing periodic maintenance of the club.
  • Broadcasters may broadcast any matches in which the club is participating.
  • The Chelsea Supporters’ Trust – an independent, not-for-profit fund set up to “encourage” the club’s board of directors to “take into account the interests of all supporters” among other purposes – has expressed “concern” about the move.

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    “Supporters should engage in any conversation regarding the continuing effects on the club and its global fan base,” the trust said. in the current situation.

    “The Committee on Science and Technology is appealing to the government for an expedited process to reduce uncertainty over Chelsea’s future, and for fans and fans to be given a gold share as part of the sale of the club.”

    The mobile phone and communications company, which sponsors the Chelsea shirt, said Thursday it was reviewing its relationship with the club after the British government sanctioned Abramovich.

    A spokesperson for Three told CNN: “We are in discussions with Chelsea and are reviewing our position.”

    British MP Chris Bryant had previously called for Abramovich to lose ownership of Chelsea after seeing a leaked 2019 British government document that said Abramovich was a subject of interest due to his “connections to the Russian state and general association with corrupt activism and practices,” the MP said in a tweet on Twitter.

    Abramovich is valued at 9.4 billion pounds ($12.36 billion), according to the UK government.

    British Foreign Secretary Liz Truss said this month that the UK was “absolutely intent” on punishing Russia’s oligarchs, adding that the UK was working through an “other list” of oligarchs to punish them.

    “There is nowhere for any of Putin’s friends to hide,” Truss continued.