Broadway

Complete News World

UK – British government shows green flag for Chelsea football club sale

Roman Abramovich has been Chelsea’s owner for 19 years Image: AFP

The UK government has agreed to sell London football club Chelsea amid sanctions against Russian club owner Roman Abramovich. Premier League, the best British football league, previously agreed.

The UK government has agreed to sell London football club Chelsea amid sanctions against Russian club owner Roman Abramovich. Sports Minister Nadine Doris announced Wednesday that the permit had been issued Tuesday evening. The leading British football league, the Premier League, agreed before being acquired by a group of investors led by American businessman Todd Bohley.

“We’m pleased that the proceeds from the sale will not benefit Roman Abramovich or anyone else subject to sanctions,” Doris tweeted. Abramovich had already put Chelsea up for sale in March. Shortly afterwards, Britain and the European Union imposed sanctions on a businessman with close ties to Russian President Vladimir Putin over Russia’s invasion of Ukraine.

Chelsea will have to meet the criteria needed to take part in the upcoming football season, with approval for the sale by Tuesday. Abramovich acquired Chelsea in 2003, and his investments were instrumental in making the club one of the best in Europe. His visit to Chelsea heralded a wave of foreign investment in English football clubs.

Home page