Abramovich stripped of Chelsea football club directorship
The Premier League board has disqualified Chelsea owner Roman Abramovich as a director at the English top-flight soccer club after he was sanctioned by the British government over Russia’s invasion of Ukraine, the league said in a statement on Saturday.
Abramovich, who had been under scrutiny after Russia’s invasion, said last week that he was selling the London club. But the sale is now on hold, with Chelsea operating under a special government licence. read more
“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“, the league said.
The government welcomed the move, and said it was not opposed to the sale of the club. It added that it had amended the special licence so that the club could spend £900,000 to stage each of its matches.
The team can continue playing games and pay players and staff but cannot transfer players in or out, as the government tries to prevent Abramovich from benefiting in any way from such moves.
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, with the club winning five Premier League titles, five FA Cups and the Champions League twice.
