Chelsea Football Club faces going bust within months after Roman Abramovich was sanctioned over the war in Ukraine.
Ministers labelled the Russian tycoon, who made his money in oil in the 1990s and is today worth £10.5billion, as an associate of president Vladimir Putin and froze his UK assets yesterday alongside six other oligarchs.
The move effectively shut down Chelsea’s commercial operations paving the way for a fire sale of the club.
Shares in Evraz, the FTSE 100 steelmaker ‘controlled’ by Abramovich, were suspended on the London Stock Exchange after the Government found it ‘potentially supplies steel’ for Russian tanks.
Chelsea Football Club faces going bust within months after Roman Abramovich was sanctioned over the war in Ukraine
Last night Chelsea’s bosses were locked in talks with Treasury officials to negotiate a loosening of restrictions to help keep the club afloat.
Chelsea must cover the £28million monthly wage bill despite being barred from using…