Chelsea

Chelsea's ability to operate on a day-to-day basis was impacted further after their credit cards were temporarily frozen, sources have told ESPN.

The club are still to decide what to wear on the front of their kit after shirt sponsor Three temporarily suspended their £40m-a-year (($52.4m) agreement with the club on Thursday. The club remain in dialogue with the government over easing some of the restrictions, and senior figures at Chelsea hope that their corporate credit cards will be unblocked in the coming days to allow greater financial freedom. Sources have told ESPN that the limitations on spending -- which include a cap of around £20,000 ($26,000) on travel to away matches and a £500,000 ($652,000) limit on the cost of staging home games -- have led Barclays to suspend the club's credit cards for fear of breaching government rules.

LONDON (AP) — Lavish spending, sustained only by Roman Abramovich's investment, funded Chelsea's 21 trophies during his 19 years as owner.

The club can no longer even sell merchandise with the club shop closing within hours of the sanctioning announcement on Thursday. There is also a prohibition from the government on selling new tickets to generate revenue. It’s harsh on them, and the punishment falling all the way downhill is harsh. Chelsea is also unable to sell tickets for next week's FA Cup match at Middlesbrough, hitting the second division club as well. Only five times during his ownership has Chelsea made a profit, according to the respected Swiss Ramble account on Twitter that analyzes club accounts. But the spending on travel to future games has been capped at 20,000 pounds by the government. But the government will only sanction a sale that does not see Abramovich benefit as the government tightens the screw on influential individuals it views as enabling Putin's regime. There is the prospect of the stadium being empty for a potential Champions League quarterfinal as tickets for those games would not be included for fans who bought season passes. “We will provide any update to our business relationship if and when appropriate.” The only bright spots for Chelsea on its second day as a sanctioned entity were that no more sponsors suspended deals after the jersey backer, communications firm Three, asked for its logo to be removed. Abramovich is among seven wealthy Russians who had their assets frozen by the government. Unprecedented restrictions have been placed on Chelsea’s ability to operate by the British government after owner Roman Abramovich is targeted in sanctions. LONDON (AP) — Lavish spending, sustained only by Roman Abramovich's investment, funded Chelsea's 21 trophies during his 19 years as owner.

Chelsea-linked British billionaire Nick Candy has sent a message to Blues fans as he looks to take over from Roman Abramovich.

Clearly this is a time of great uncertainty for all Chelsea fans." This will come as music to the ears of Chelsea's fans but it remains to be seen as to how seriously Candy's interest will be taken. Candy continuedto send an assuring message to the Blues fans, saying: “In our view, no one is the owner of a football club – you are the custodian of it for the fans and the community.”

They will face off against one another at 2:30 p.m. ET on Thursday. Chelsea have a defense that allows only 0.69 goals per game, so Norwich's offense will have ...

We'll see if they can patch up the holes in their defense before their upcoming game. Chelsea took their matchup against Burnley by a conclusive 4-0 score. They will face off against one another at 2:30 p.m. ET on Thursday. Chelsea have a defense that allows only 0.69 goals per game, so Norwich's offense will have their work cut out for them.

Roman Abramovich's name was chanted by Chelsea fans before and during Thursday's Premier League game at Norwich City.

"We do this because this is what we are as a club. It's not the moment to give other messages. It's the moment to show respect. "Our priority is to hold those who have enabled the Putin regime to account. Football clubs are cultural assets and the bedrock of our communities. We're committed to protecting them."

Welcome to The Athletic's coverage of today's football news.Chelsea owner Roman Abramovich has been sanctioned by the UK government over Russia's continuing ...

You can read the joint letter in full here ⤵️ https://t.co/Cwz3uW8QpP March 11, 2022 “We try absolutely everything to avoid it but it’s not really possible. we will see how that’s going on. We have or at least we had….. Therefore, to only allow potentially a ‘2 pay-day’ period in which to pay for Season Tickets shows a worrying disregard for the economic realities facing many of your customers." And if Abramovich’s backing is wrong now, was it right enough in 2003 that we should have allowed it to upend English football? We have to hold our hands up that we are not good enough at times, but not that they don’t care. "It was a wonder chip from Ruben Neves but at 3-0 you are in big trouble. Manager Mikel Arteta also revealed that the return of right-back Takehiro Tomiyasu is still being assessed. "In reality, Thursday night’s game was a rather strange spectacle. Everyone is excited about the opportunity to have a title race. — The Athletic UK (@TheAthleticUK)

LONDON (AP) — Chelsea fans received an unwelcome present on the Premier English League team's 117th birthday Thursday: British government sanctions against ...

“We had a great legacy over the past 20 years,” Islam said. The club’s wage bill was almost 28 million pounds ($37 million) a month in the most recent accounts. “We recognize that this decision will impact the many Chelsea fans who follow their team passionately,” Three said. A maximum of 20,000 pounds can be spent on travel to matches. The new rules also limit the club to spending a maximum of 500,000 pounds ($657,000) on each match at Stamford Bridge, including on security and catering. Club sponsors are responding in their own way: The telecommunications firm Three announced Thursday that it would suspend its sponsorship of the team and remove its logo from Chelsea’s jerseys.

Get a report of the Norwich City vs. Chelsea 2021-22 English Premier League football match.

Instead, boosted by a double substitution at half-time that saw the introduction of Lukas Rupp and Milot Rashica, Norwich made the game a true contest in the second half. Had they been more ruthless in front of goal, Chelsea could have put the game out of reach by the interval. "There's a certain distraction because of the level of impact of today's news is big, but at the same time, we don't know how big. "[It] Would be a lie if I said I had no doubts [about how team would perform], but I also had trust because in difficult circumstances, we've produced a lot of performances, a lot of results recently," he said on NBC Sports after the final whistle. The result will come as a much-needed relief for the London club. In addition, they are prohibited from agreeing to any new transactions for the summer transfer window.

The 55-year-old owner is among seven wealthy Russians being punished by Boris Johnson's administration over their close links to the Kremlin.

“Proceeds from any sale could not go to the sanctioned individual while he is subject to sanctions.” “I have instructed my team to set up a charitable foundation where all net proceeds from the sale will be donated,” Abramovich said. Player recruitment is also prohibited under the terms of the government license that runs through May 31. The sanctions could have immediately forced Chelsea to stop running as a business, and preventing its teams from completing their seasons. In 2005, Russian state-owned energy giant Gazprom paid $13 billion for the Sibneft oil company controlled by Abramovich. It allowed Putin’s Kremlin to recapture state influence in the lucrative energy industry. Chelsea has won five Premier League titles under Abramovich along with two Champions League titles, the latest last year.

The Premier League club will be allowed to continue operating, but it cannot sell tickets or merchandise and is blocked from buying or selling players.

Whatever happens next, nothing will be the same at Chelsea. Since Abramovich arrived as a little-known Russian businessman in 2003, he has lavished more money on buying talent than almost any other club owner in soccer history, with Chelsea’s constant flow of players and coaches in and out of the club being a hallmark of his years in charge. That trip and any future travel outside London will now be carefully scrutinized after the government announced a per-game limit of 20,000 pounds (about $26,000) in travel expenses. One major deal is off the table: The freezing of Abramovich’s assets makes it impossible — at least in the short term — for him to follow through on his announced plans to sell Chelsea. Under the new arrangement, the British government will have oversight of that process. Chelsea acknowledged its new reality in a statement, but suggested it intended to immediately enter into discussions with the government about the scope of the license the team had been granted. To protect the club’s interests, the government said, it had issued Chelsea a license allowing it to continue its soccer-related activities. Many club officials, including Chelsea’s coach, Thomas Tuchel, a German, and Abramovich’s chief lieutenant, the club director Marina Granovskaia, were still trying to understand what they could and could not do.

Chelsea sponsors Three has suspended its sponsorship of the club in the wake of the sanctions dished out to owner Roman Abramovich.Three's deal with Chelsea ...

Mar 10 Mar 10 “We recognise that this decision will impact the many Chelsea fans who follow their team passionately.

Chelsea FC owner Roman Abramovich was sanctioned by the UK government on Thursday as part of its response to Russia's invasion of Ukraine.

"Our priority is to hold those who have enabled the Putin regime to account. Football clubs are cultural assets and the bedrock of our communities. We're committed to protecting them." In the statement Abramovich made when he outlined his intention to sell the club, the 55-year-old had vowed to pass on "all net proceeds" from the sale to a new charitable foundation to help "all victims of the war in Ukraine". Chelsea owner Roman Abramovich was sanctioned by the UK government on Thursday as part of its response to Russia's invasion of Ukraine. Abramovich was one of seven Russian oligarchs sanctioned on Thursday, with the government targeting individuals believed to be close to Russian president Vladimir Putin.

Abramovich no recibirá ningún beneficio por la venta del club, aunque el magnate ruso ya avisó que cualquier dinero que percibiese por ello iría destinado a ...

Varios consorcios estadounidenses, dueños de equipos de la NFL, un multimillonario turco, un consorcio saudí y un promotor inmobiliario británico quedan ahora a la espera de que el Gobierno dé un permiso especial al Chelsea para seguir adelante con la venta. La tienda del club, en los aledaños de Stamford Bridge, queda cerrada de inmediato. En lo deportivo, se abre una gran incertidumbre de cara a la plantilla de la próxima temporada. Las cifras no son públicas, pero se calcula que el club de Fulham tiene entre 28.000 y 30.000 socios. Abramovich había puesto como fecha límite el 15 de marzo por el temor a las sanciones, pero no le ha dado tiempo a encontrar un comprador adecuado. Que el Chelsea no podrá recoger beneficios de ninguna transacción.

La sanción al Chelsea por parte del gobierno, impide la venta de boletos así que no podrá llenar su estadio; patrocinador de la playera pide suspender ...

Las cifras no son públicas, pero se calcula que el club de Stamford Bridge tiene entre 28.000 y 30.000 socios. Abramovich había puesto como fecha límite el 15 de marzo por el temor a las sanciones, pero no le ha dado tiempo a encontrar un comprador adecuado. Que el Chelsea no podrá recoger beneficios de ninguna transacción.

LONDRES — El gobierno de Gran Bretaña congeló el jueves los activos de Roman Abramovich tras sancionarle por su estrecha relación con el presidente ruso ...

El Chelsea viajará a Francia para enfrentar a Lille en la Liga de Campeones la semana entrante. El equipo masculino tenía previsto un partido de visita a Norwich la noche del jueves y las mujeres jugaban en el feudo de West Ham. Estamos comprometidos con su protección”. “Las ganancias de una venta no podrán ser entregadas al individuo sancionado mientras esté sujeto a las sanciones”. Apenas podrá gastar 500,000 libras (657,000 dólares) por cada partido en Stamford Bridge, para seguridad y catering. La Liga Premier informó que trabaja con el Chelsea y las autoridades “para asegurar que la temporada siga como está previsto y de acuerdo con la intención del gobierno”.

LONDRES (AP) — El gobierno de Gran Bretaña impuso el jueves restricciones sin precedentes a la capacidad de funcionamiento del Chelsea tras las sanciones a ...

El Chelsea viajará a Francia para enfrentar a Lille en la Liga de Campeones la semana entrante. Por la noche, el club dio al menos un par de motivos de festejo a sus seguidores. “Las ganancias de una venta no podrán ser entregadas al individuo sancionado mientras esté sujeto a las sanciones”. Estamos comprometidos con su protección". Apenas podrá gastar 500.000 libras (657.000 dólares) por cada partido en Stamford Bridge, para seguridad y catering. La Liga Premier informó que trabaja con el Chelsea y las autoridades “para asegurar que la temporada siga como está previsto y de acuerdo con la intención del gobierno”.

For nearly two decades, the Russian oligarch Roman Abramovich centered his lavish European life on London, where he kept bank accounts, luxury real estate, ...

- Target:Up to 60% off - Target Promo Code You may cancel your subscription at anytime by calling Customer Service. That day was Thursday—and it immediately threw one of the world’s most valuable sports teams into an unprecedented turmoil.

Reino Unido emitió nuevas sanciones contra el dueño del Chelsea, Roman Abramovich, mismas que pegarán duro, pues no podrá fichar o vender jugadores.

Únete a nuestro club y participa por más beneficios. No obstante, el club podrá seguir operando gracias a una licencia especial, pero se someterá a enormes limitaciones. El gobierno del Reino Unido emitió una nueva sanción a Roman Abramovich, dueño del Chelsea, y le congelaron todos sus activos.

"In light of the government's recently announced sanctions, we have requested Chelsea Football Club temporarily suspend our sponsorship of the club, including ...

The club can still fulfil fixtures and pay staff after being granted a special licence by the government but there are restrictions to rule out any possibility of Abramovich profiting from club transactions. We are currently assessing the situation with Chelsea FC." Therefore, we are offering connectivity packages to all Ukrainians in the UK, and those in Ukraine."

Get a report of the Norwich City vs. Chelsea 2021-22 English Premier League football match.

Instead, boosted by a double substitution at half-time that saw the introduction of Lukas Rupp and Milot Rashica, Norwich made the game a true contest in the second half. Had they been more ruthless in front of goal, Chelsea could have put the game out of reach by the interval. "There's a certain distraction because of the level of impact of today's news is big, but at the same time, we don't know how big. "[It] Would be a lie if I said I had no doubts [about how team would perform], but I also had trust because in difficult circumstances, we've produced a lot of performances, a lot of results recently," he said on NBC Sports after the final whistle. The result will come as a much-needed relief for the London club. In addition, they are prohibited from agreeing to any new transactions for the summer transfer window.

Thursday's sanctions against Roman Abramovich by the UK government have directly impacted Chelsea. Here's what you need to know about the situation.

Sources have told ESPN that the Department for Culture, Media and Sport would be clear that any such licence would not allow Abramovich to benefit from the sale of the club while he remains subject to sanctions. There have even been suggestions Chelsea could be placed into administration if they run out of cash -- an action that could lead to a points deduction -- but given the government's apparent openness to granting a licence for sale, this current stress test of the club's finances without Abramovich might not get that far. However that money can be used for things like employee wages, travel costs, taxes, payments to other clubs and matchday logistics, as outlined in Section 4 of the license the club was granted in order to remain in operation. "We intend to engage in discussions with the UK Government regarding the scope of the licence," it read. The precise destination of any proceeds would be determined in discussions with the government when the application for a sale licence is made.) The process is on hold because the immediate consequence of these sanctions is to freeze Chelsea as an asset, therefore meaning Abramovich cannot put in or take out any money of the club, or pass ownership to someone else. Raine Group, the New York merchant bank appointed to handle the sale, set a deadline of March 15 for interested parties to submit bids for Chelsea, and sources describe it as "no coincidence" given that this was also the date upon which the government could act on emergency legislation, known as the Economic Crime Bill, once it passed into law. It was always a possibility given the mounting pressure on the government to intervene -- Labour leader Sir Keir Starmer last week called outright for Abramovich to be sanctioned -- but the expectation was that, rightly or wrongly, he would be given time to sell. Bidders have since circled -- although sources told ESPN that no interested party has so far come close to matching Abramovich's £3 billion valuation -- but this government intervention casts a Chelsea sale and even the day-to-day running of the club into unprecedented uncertainty. However, sources have told ESPN that as lawyers began to work out the details of this ambiguous term, fears quickly grew that it would not stand up to scrutiny were sanctions to arrive. "This association has included obtaining a financial benefit or other material benefit from Putin and the Government of Russia." Abramovich, who bought Chelsea for £140 million in 2003, has always denied links to Putin's government, but the U.K. government offered a comprehensive and damning alternative view in a document accompanying the decision published by the Treasury's Office of Financial Sanctions Implementation.

LONDON (AP) — Chelsea fans received an unwelcome present on the Premier English League team's 117th birthday Thursday: British government sanctions against ...

Chelsea will play without a shirt sponsor after Three announced they are suspending their £40 million-a-year deal with immediate effect.

The club can still fulfil fixtures and pay staff after being granted a special licence by the government but there are restrictions to rule out any possibility of Abramovich profiting from club transactions. We are currently assessing the situation with Chelsea FC." Therefore, we are offering connectivity packages to all Ukrainians in the UK, and those in Ukraine."

Abramovich's U.K. assets have been frozen while Chelsea will be unable to sell matchday tickets or buy players.

"In light of the breaking news in relation to Chelsea FC, we are seeking clarification from the Premier League as to what this means for our away ticketing allocation at the match at Stamford Bridge on Saturday, April 2," a statement from Brentford said. The Bees have not sold out their away allocation -- the next batch of tickets due to go on sale later on March 10 will not now be made available -- but had already committed to taking it in its entirety. We will also be seeking guidance from the U.K. government on the impact of these measures on the Chelsea Foundation and its important work in our communities." In the meantime, Chelsea will not be allowed to sell tickets for their games, meaning only season-ticket holders can attend, and will be unable to register new signings or extend the contracts of current players. Football clubs are cultural assets and the bedrock of our communities. "Our priority is to hold those who have enabled the Putin regime to account. Culture Secretary Nadine Dorries said: "Putin's attack on Ukraine continues and we are witnessing new levels of evil by the hour. We are currently assessing the situation with Chelsea FC," a spokesperson for the South Korean automotive manufacturer said. Meanwhile, Chelsea sponsors have begun to cut ties with the club over fear as to the reputational damage that their association with them would cause. "We recognize that this decision will impact the many Chelsea fans who follow their team passionately. Abramovich, who formally put the west London club up for sale earlier this month as the threat of sanctions loomed large, has been banned from undertaking any transactions with U.K. individuals and businesses. The U.K. government has said they are open to selling Chelsea. Any such deal would require special dispensation from the government and a new license.

NPR's Sarah McCammon talks with Rory Smith of The New York Times about the frozen assets of Russian oligarch and Chelsea Football Club team owner Roman ...

So yes, it - to me, to a lot of observers, it would seem like this is the moment of reckoning. And when you're in that cycle, I think it's very hard as a sporting lead, as a competition, as a show to turn your back on the money. Did his buying Chelsea in 2003 raise eyebrows at the time just for the fact that he is a Russian oligarch? They've kept on being contenders for not just the Premier League but the Champions League. Chelsea are a superpower now, and that is entirely because of Abramovich. As of now, the team can play games and honor tickets already purchased, but it can't sell new tickets or even team merchandise. That will go to paying Chelsea's costs in the short term.

LONDON — Chelsea fans received an unwelcome present on the Premier English League team's 117th birthday Thursday: British government sanctions against ...

Chelsea have already faced the consequences with ticket sales and merchandise sales banned, while no player contracts or other related activity can be carried ...

If Abramovich wants to sell the Club, he will need to apply for another license as bidders line up to try to purchase the club. "We recognise that this decision will impact the many Chelsea fans who follow their team passionately. In a statement on Thursday, they said: "In light of the government’s recently announced sanctions, we have requested Chelsea Football Club temporarily suspend our sponsorship of the club, including the removal of our brand from shirts and around the stadium until further notice.

Thomas Tuchel admits Chelsea face an uncertain future as doubts swirl over how the European champions will even pay their wage bill after Russian owner ...

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Premier League managers gave their reaction to Chelsea's off-field turmoil as the government assessed potential buyers.

I would’ve thought he was available tomorrow.” He and Edison [Cavani] are both available for tomorrow. He resumed training yesterday, he trained the whole training session and I expect him to train today.

The group behind Peas & Carrots Hospitality based in Bloomfield Hills announced they've purchased the Common Grill in Chelsea.

"The town and restaurant has so much soul and mystery ... if walls could speak." “I will be staying on to oversee the transition and look forward to sharing my lifelong vision with the new team." The restaurant's interior, staff uniforms, and menu are not going to change, Sklar said. That is my No. 1 priority," Common said. The most important thing here is taking care of the team members and customer base. While the restaurant is closing after service on Sunday, it won't be closed for very long.

The club have been given a special licence to continue with football related activities but the sale effectively bars the sale of the club following ...

Chelsea are hopefuly that the temporary suspension will be lifted shortly. They’ve frozen some of the corporate credit cards. This is due to banks being 'risk-averse' as a source told the Times: “The licence allows the club to continue with day-to-day activities but the banks don’t have the risk appetite for it.

I would describe Chelsea as a distressed asset,” said Rob Wilson, a football finance expert from Sheffield Hallam University, “and the association that ...

The club can no longer even sell merchandise with the club shop closing within hours of the sanctioning announcement on Thursday. There is also a prohibition from the government on selling new tickets to generate revenue. Chelsea is also unable to sell tickets for next week’s FA Cup match at Middlesbrough, hitting the second division club as well. It’s harsh on them, and the punishment falling all the way downhill is harsh. Only five times during his ownership has Chelsea made a profit, according to the respected Swiss Ramble account on Twitter that analyzes club accounts. But the spending on travel to future games has been capped at 20,000 pounds by the government. But the government will only sanction a sale that does not see Abramovich benefit as the government tightens the screw on influential individuals it views as enabling Putin’s regime.

Nike remains committed to its partnership with Chelsea, The Athletic understands.Shirt sponsors Three announced it was suspending its deal with the Stamford ...

Mar 11 Mar 11 Nike does not comment on the figures involved.

NPR's Sarah McCammon talks with Rory Smith of The New York Times about the frozen assets of Russian oligarch and Chelsea Football Club team owner Roman ...

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LONDON -- Chelsea fans received an unwelcome present on the Premier English League team's 117th birthday Thursday: British government sanctions against ...

“We had a great legacy over the past 20 years,” Islam said. The club’s wage bill was almost 28 million pounds ($37 million) a month in the most recent accounts. On the other side, they’re funding Ukraine with weapons. A maximum of 20,000 pounds can be spent on travel to matches. “We recognize that this decision will impact the many Chelsea fans who follow their team passionately,” Three said. The new rules also limit the club to spending a maximum of 500,000 pounds ($657,000) on each match at Stamford Bridge, including on security and catering.

Chelsea have already began partially laying off staff following news that Roman Abramovich has been sanctioned by the UK government.

The special license granted to Chelsea takes effect from March 10 2022 and expires on May 31 2022. Whilst it has not been detailed as to who has been laid off, Chelsea will likely provide a statement to combat the reports in due course. In an attempt to punish Abramovich, it appears that the government's decision to sanction the Russian could have wider implications as the Blues are laying off members of staff already, as Nevin confirmed.

Chelsea bosses Thomas Tuchel and Emma Hayes have vowed to “compete hard” and “prevail” after the club's owner Roman Abramovich was sanctioned by the UK...

Mar 11 There will be solutions, we just need to be patient.” Today is not the day where I have them.” We are certainly co-operative with that. “The level of impact it has — the news of today is big — in time we don’t know how big. Chelsea fans sang Abramovich’s name throughout the win at Norwich, a chant Tuchel criticised last week.

The UK government will consider permitting Chelsea's sale provided Roman Abramovich will not benefit from the deal.

But it’s important to remember that these sanctions are being imposed on those who have provided support to the Putin regime and the brutal assault on Ukraine.” But as we said yesterday, the measures we put in place are to ensure that any revenue generated can’t find its way back to the Putin regime.” A No 10 spokesperson said: “We’re in constant contact with the club and the Premier League over any issues that have been raised through the sanctions and the licence that the Treasury has issued them. No programmes will be on general sale on Sunday and people employed on a freelance and contract basis are no longer being paid. The licence permits Chelsea to continue paying employees but does not allow Abramovich to profit from the club’s income. “We are examining the details of yesterday’s announcement and we are still interested in making a bid,” Candy’s spokesperson said.

Chelsea's company credit cards have been temporarily frozen, The Athletic understands.Abramovich was hit with sanctions on Thursday morning by the UK...

Mar 11 Mar 11 The licence limited how much could be spent on travel.

Billionaires interested in buying Chelsea Football Club have been told to approach the UK government with potential takeover proposals, after the ...

We are looking forward to a transition of ownership as soon as possible and want to support the club in this process.” The club has been granted a special licence to allow it continue to play matches for the rest of the season but only season ticket holders and fans who have already bought tickets will be able to attend matches. Hyundai, its shirt sleeve sponsor with a deal worth a reported £10m, said it was “assessing the situation with Chelsea FC”. It has been suggested that the proceed of the sale would be frozen or placed into a charitable fund. “We are examining the details of yesterday’s announcement and we are still interested in making a bid,” his spokesperson said. It remains to be seen if the government intends to requisition Chelsea before allowing a sale to go through.