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How the Russian and Ukrainian crises could affect Chelsea and the owner

Kumasi Online by Kumasi Online
26th February 2022
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The Russian oligarch is one of 35 notable Russians living in the United Kingdom whose assets could be frozen or taken away entirely.

Following Russia’s invasion of Ukraine, the British government declared that sanctions will be put on three billionaires who are intimately related to Russian President Vladimir Putin, with Abramovich being one of them.

There is yet no evidence that any punishments have been imposed on the Chelsea owner, with those close to him claiming that he has committed no infraction.

However, it is expected that if fines are levied, there will be no immediate financial consequences for Chelsea.

The UK government is expected to reach a deal that will have little influence on Chelsea, which employs hundreds of people.

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The club would be able to continue operating as a business and receive funds from both the Premier League and UEFA, allowing it to pay employees appropriately.

Following losses during the COVID-19 pandemic, Abramovich has had to put several million euros into the club, and if he is named on the sanctions list, he will be unable to support the club further, albeit Chelsea’s short-term status is safe.

The Blues take on Liverpool in the Carabao Cup Final at Wembley on Sunday, with Chelsea owner Roman Abramovich at the center of controversy due to his purported link with Russian President Vladimir Putin, despite the fact that the two do not get along.

Due to Russia’s ongoing invasion of Ukraine, Thomas Tuchel has warned that he is bracing for a surge of anti-Chelsea emotion.

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