Chelsea Football Club is now frozen as one of Roman Abramovich’s assets. The club will still be able to operate though, albeit with some heavy restrictions. Among the things that can still happen are playing matches, paying wages and serving refreshments at games.
However, the club won’t be able to sign new players, give existing players new contracts, sell any new tickets (match and season tickets already sold are still valid), or sell any merchandise, whilst also being restricted to spend just £20,000 on transport going to games. It’s also believed that the planned sale of the club can still go ahead, but only if Abramovich doesn’t financially benefit from it in any way.
So what are the potential financial impacts on the club in the immediate future? The Reach Data Unit has been through the club’s accounts to see how the sanctions may impact the club, but also to see how Chelsea’s finances have changed under Roman Abramovich.
