iPhone | iPad
Android
Huawei
The suspect in the burglary in the Jangpura area of Southeast Delhi was arrested within four days from Chhattisgarh
KT APPDOWNLOAD
Russia-Ukraine crisis: Chelsea accounts suspended as UK sanctions kick in
Abramovich, 55, was one of a further seven more oligarchs hit
File photo
Chelsea have had several accounts and credit cards suspended temporarily following sanctions imposed on club owner Roman Abramovich by the UK government, British media reported Friday.
Russian-born billionaire Abramovich had all his British assets frozen on Thursday barring Chelsea, with the Premier League club allowed to continue with “football-related activities”.
But the European champions cannot operate as a business and have been banned from selling match tickets or merchandise.
The Independent was one of several British outlets that reported Chelsea had been in discussions with the government in the hope of amending the license and easing the restrictions but were hit on Friday when banks suspended the club’s accounts.
Abramovich, 55, was one of a further seven more oligarchs hit by fresh UK sanctions on Thursday following Russia’s assault on Ukraine.
All seven are described as part of Russian President Vladimir Putin’s inner circle.
Abramovich had already announced he was willing to sell Chelsea, who won 19 major trophies in his 19-year reign.
Chelsea’s strict licence is designed to ensure Abramovich will not profit from the London club’s continued operations.
The commercial fallout became apparent as mobile phone firm Three announced it was suspending its sponsorship deal with Chelsea, and demanded its logo be removed from players’ shirts.
Chelsea put their off-field turmoil to one side to beat Premier League strugglers Norwich 3-1 on Thursday.
ALSO READ:
Abramovich bought Chelsea in 2003, turning the perennial also-rans into serial winners with unlimited transfer funds after he became rich on the chaotic privatisation of state assets in 1990s Russia.
He has denied claims that he bought the Stamford Bridge club on Putin’s orders, to expand Russia’s influence abroad in the early 2000s.
Abramovich put Chelsea up for sale on March 2, pledging to write off the Blues’ £1.5 billion ($1.95 billion) debt and invest all sale proceeds into a new charitable foundation to aid victims of the conflict in Ukraine.
More news from
Europe lead US 6½-1½ after dominating display on day one at Marco Simone Golf and Country Club
U.S. Open quarter finalist Zheng Qinwen claims tennis gold as India's shooters break the world record as when winning gold in the 50m team rifle competition
The Minister added that the UAE seeks to strengthen food production to combat world hunger, which impacted 783 million people last year
Kimia Yousofi, who resettled in Australia last year, says she represents Afghan girls who don't have permission for education and sports
During his tenure with the Three Lions he helped them win the ODI tournament in 2019 and the T20 World Cup in 2022
The Ministry of Foreign Affairs reaffirms permanent rejection of all forms of violence and terrorism aimed at undermining security and stability
The number of workers walking off the job during the first-ever simultaneous strike against the Detroit Three automakers has grown to 25,000