Chelsea owner Roman Abramovich has been officially sanctioned by the EU due to the oligarch’s “long and close ties to Vladimir Putin ”.
The West London club are desperate to secure a new owner amid a budget crisis, with their funds dictated by the British government in the wake of the UK sanctions imposed on club owner Abramovich. Those sanctions have now been followed by the EU, which means that his assets that are in EU territory could be taken and frozen.
The billionaire has had his assets frozen in the UK in the wake of Russia's ongoing invasion of Ukraine, although he continues to deny any links to president Putin. On Saturday, the Premier League confirmed they had suspended Abramovich as director of the club.
