Abramovich disqualified as Chelsea director
The Premier League has disqualified Chelsea owner Roman Abramovich as a director of the club after the oligarch was sanctioned by the UK government. The move comes after the billionaire Russian had sanctions imposed on him by the British government after Moscow’s invasion of Ukraine. “Following the imposition of sanctions by the UK Government, the […]
The Premier League has disqualified Chelsea owner Roman Abramovich as a director of the club after the oligarch was sanctioned by the UK government.
The move comes after the billionaire Russian had sanctions imposed on him by the British government after Moscow’s invasion of Ukraine.
“Following the imposition of sanctions by the UK Government, the Premier League Board has disqualified Roman Abramovich as a Director of Chelsea Football Club,” the Premier League 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.”
Abramovich, who had been under scrutiny following Russia’s invasion of Ukraine, announced he was selling the London club last week but that sale is now on hold with Chelsea operating under a special government licence.
Chelsea can continue playing games and pay their players and staff but cannot transfer players in or out as the government tries to prevent Abramovich from benefiting in any way.
Abramovich bought Chelsea in 2003 for a reported 140 million pounds ($182.5 million) and his investment resulted in the most successful era in their history as they won five Premier League titles, five FA Cups and the Champions League twice.