By Daily Sports Nigeria on March 12, 2022

Abramovich has been sanctioned by the UK government as part of its response to Russia’s invasion of Ukraine.

Technology minister Chris Philp said fans need to remember Abramovich has close ties with Russian President Vladimir Putin, whose regime has committed “barbaric acts” in Ukraine.

“I understand why Chelsea fans have some affection for him, but when the regime he is associated with is committing atrocities that is more important than football,” he told BBC Radio Four’s Today programme.

“So I would ask them to think very carefully before doing that again because the barbaric acts of the Putin regime which Abramovich has supported is far more important than football.”

Chelsea face uncertain future – Tuchel
The sanctions, that were imposed on Thursday, mean Abramovich is currently unable to sell the club, though a special licence granted by the government is allowing Chelsea to keep operating.

Philp says the terms of that licence could be altered to allow a sale to go through.

The Football News Show: What do sanctions mean for the sale of Chelsea?

“As the licence conditions are written today, the sale would not be allowed,” he told Sky News.

“However, if a buyer emerged it would be open to that buyer or to that football club to approach the government and ask for the conditions to be varied in a way that allows that sale to take place.”

A spokesman for the Prime Minister later added: “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.

“It’s now up to the club to apply for an amended licence. I believe Chelsea have said that they will do that, and we’ll obviously work with the club and the league to consider any operationally necessary changes.”

Sports Minister Nigel Huddleston held a meeting with the Football Supporters’ Association (FSA) and three Chelsea fans’ groups on Thursday to discuss the impact of the sanctions and outline the process for the club to apply for an amended licence.

“This application could include proposed amendments on ticket sales,” read an FSA statement.

“The minister indicated that the government will work with the club and leagues to consider changes along these lines. It is for Chelsea FC to give clarity on where any revenues generated will be directed as part of this application.”

The American investment firm handling the sale – Raine Group – has stopped the process for now and has attempted to seek clarification on how a potential sale might go ahead.

How quickly the club can be sold once a buyer has been found depends on the government receiving assurances that the proceeds would not go to Abramovich, but securing those assurances could take time.

Those working on the deal on behalf of Abramovich were told that proceeds from the sale would go to a fund for victims of the war in Ukraine. It is understood that the £1.5bn loans from the Russian oligarch will not be deducted from the price.

Source BCC RADIOand SKY NEWS

Posted March 12, 2022

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