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UK seizes Chelsea FC boss Abramovich assets

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The United Kingdom has seized all assets owned by Russian Chelsea FC owner Roman Abramovich. This comes on the heels of Russia’s invasion of Ukraine.

Abramowich is among seven oligarchs on whom the UK slammed fresh sanctions that include asset freezes and travel bans.

Also affected are billionaires Igor Sechin and Oleg Deripaska, both seen as allies of Vladimir Putin.

 

Abramovich, 55, is alleged to have strong ties to Russian President Vladimir Putin, which he has denied.
But the government believes Abramovich, who has an estimated net worth of £9.4bn, is “one of the few oligarchs from the 1990s to maintain prominence under Putin”.
Under the sanctions, Chelsea will operate as a club with a special charity license.
The proposed sale of the Club by Abramovich has also been stopped.
But it won’t be able to sell new tickets for games or sign new players.
Details Shortly..

 

 

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0 1 minute read
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