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Ground Report | New Delhi: Who is Roman Abramovich; Britain's government froze Roman Abramovich's assets Thursday after sanctioning him for his close relationship with Russian President Vladimir Putin. Club operations such as ticket sales and player signings were instantly curtailed. The merchandise shop at Stamford Bridge stadium in west London had to close and a sign was put up saying "due to recent government announcement".
Three's logo will disappear from the team's jerseys after the telecommunications company announced the suspension of its sponsorship. These are unprecedented measures imposed against an English Premier League club.
Abramovich was one of seven Russian oligarchs targeted by the British government on March 10 with "a total asset freeze and travel ban" for being someone "whose business empires, wealth and connections are closely tied to the Kremlin." according to the official announcement.
"There can be no safe havens for those who have supported Putin's ruthless assault on Ukraine," UK Prime Minister Boris Johnson said in the statement. "Today's sanctions are the latest step in the UK's unwavering support for the Ukrainian people. We will be relentless in pursuing those who enable the killing of civilians, the destruction of hospitals and the illegal occupation of sovereign allies."
As part of the government's announcement, which coincidentally came on the 117th anniversary of Chelsea's founding, the government has issued a special sporting license from the UK Treasury expiring on 31 May 2022, which will allow Chelsea to continue to operate as a football club under restrictions.
Who is Roman Abramovich
Born in 1966 in Saratov, Russia, a major port city in the southwestern corner of the country, Abramovich is a Russian billionaire, best known for his role as owner of the Premier League club Chelsea.
Abramovich has earned his wealth through various investments and is known for his ability to buy and sell businesses and various assets for profit.
The 55-year-old has made friends in important places during his career, best known for his friendship with former Russian President Boris Yeltsin and current President Vladimir Putin, although his camp has denied connections to Putin in the past. past.
For a time during Yeltsin's presidency, Abramovich lived in an apartment inside the Kremlin at Yeltsin's request. According to Richard Sakwa's 2019 book The Crisis of Russian Democracy, it was Abramovich who first identified to Yeltsin that Putin should be his successor. (Who is Roman Abramovich)
According to Forbes in 2019, Abramovich's net worth was approximately $12.9 billion, making him the 11th richest person in Russia.
Here is a summary of what the club will be able to do:
- Pay salaries: Chelsea can pay the salaries of players, coaching staff and managers.
- Pay expenses: The club can continue to cover basic expenses that are associated with the regular operation of the club and maintenance, such as security, catering and stewards.
- Receive revenue: Chelsea may receive funds based on pre-existing deals, including broadcast revenue and player deals, but those funds must be frozen.
- Travel to attend matches: "Reasonable travel expenses" are allowed, but must not exceed $26,000, which some have indicated may not be practical for Champions League travel.
- Meet transfer and loan obligations: The club may continue to pay loan or transfer obligations as part of agreements reached before March 10, 2022.
- Sale of merchandise: No new sales of merchandise may be made, but existing obligations will continue to be fulfilled. The club shop has been closed:
- Honor Existing Tickets: Season ticket obligations incurred prior to March 10 will continue to be honored and payments will continue to be received. Ticket sales made before March 10 will still be honored, but no new tickets will be sold (even to away fans), according to reports.
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