Roman Abramovich, owner of Chelsea FC has been sanctioned by the UK government, meaning he will no longer be able to sell the club.
Abramovich has had “his assets frozen, a prohibition on transactions with UK individuals and businesses, a travel ban and transport sanctions” imposed on him.
The UK government, however, granted Chelsea a special license to allow fixtures to be fulfilled, staff to be paid and existing ticket holders to attend matches.
Though the sanction allows Chelsea to honour fixtures, however, huhuonline understands that the club is bared from the activities listed below
No new signing
As it stands, as long as sanctions on Abramovich remains, Chelsea would no longer be able to sign new players into the club
No contract extension
César Azpilicueta, Andreas Christensen and Toni Rudiger who are out of contract in June would not be able to renew, in the event that they wish to remain at the club
No sales of game tickets
Supporters who have not bought game tickets before March 10th would no longer be able to do so. Only season ticket holders would now be able to watch games at Stamford Bridge.
No revenue from sales of merchandise
Since Abramovich can no longer make money in the UK, sales of club merchandise can no longer go on after March 10th. The club has, however, been given the option of selling through third parties.
Limit of spending
Chelsea is now allowed to spend not more than £20,000 for honouring away games and a maximum of £500,000 for security, catering and stewarding per game for homes games.
