UK govt freezes Chelsea boss Abramovich's assets, club sale effectively put on hold - News Summed Up

UK govt freezes Chelsea boss Abramovich's assets, club sale effectively put on hold


Chelsea Football Club owner Roman Abramovich was on Thursday hit with a UK assets freeze and travel ban, throwing his plans to sell the European and world club champions into disarray. READ | What do Abramovich sanctions mean for Chelsea? London said the seven have a collective net worth of about £15 billion ($19.7 billion, 17.8 billion euros) and described them all as part of Putin's inner circle. "This means that Chelsea Football Club is now also subject to an asset freeze under UK financial sanctions," it added. Chelsea have won 19 major trophies in the Abramovich era, including their first two Champions League crowns and five Premier League titles.


Source: News 24 March 11, 2022 00:29 UTC



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