The football world was rocked on Thursday morning with the announcement that the UK Government has imposed sanctions on Russian oligarch and Chelsea owner Roman Abramovich, as part of measures designed to put pressure on Russian president Vladimir Putin over his invasion of Ukraine.
Abramovich announced his intention to sell the club just last week but the government has now frozen all of his assets - including Chelsea - before a sale could be completed.
The 'Russian Regulations' license that Chelsea will now operate under until at least May 31st allows them to fulfil fixtures and pay players and staff but it prevents the signing of players, the sale of tickets and merchandise and the renewal of contracts, among other things.