Russian billionaire Roman Abramovich has temporarily suspended all credit card facilities at Chelsea football club in a bid to stop the team from being bought out. He is considering taking over as chairman himself amid speculation that the Blues could be sold by owner and former Russian Prime Minister, Mr Abramovich.
Chelsea have credit card facilities temporarily suspended. The club has said that they are working to get the cards back up and running as soon as possible. Read more in detail here: chelsea premier league.
Chelsea has been led by Roman Abramovich since 2003.
Chelsea’s credit card services have been temporarily halted as banks analyze the impact of Russian billionaire owner Roman Abramovich’s penalties.
Despite Abramovich’s assets being blocked by the UK government, the club has been granted a special license to function.
Banks want to evaluate the license requirements to make sure they don’t violate government restrictions, and Chelsea has no idea when the ban will be removed.
Chelsea is prohibited from receiving money for unsold match tickets, future gate proceeds for FA Cup games, or products from the club store under the conditions of the license.
With a monthly pay cost of £28 million, this is likely to leave the club with a big gap.
Chelsea submitted petitions to the government on Thursday and Friday to amend the conditions of the license, allowing the club to earn money from ticket sales and increasing expenditure limitations.
The current license allows for a maximum spend of £500,000 on home matches and a maximum spend of £20,000 on away matches.
Raine Group, the American investment group hired to oversee the sale before Abramovich was sanctioned, was involved in discussions about amending the license to allow for a prospective sale of the club.
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Later that day, a spokeswoman for Prime Minister David Cameron stated the government was in “continuous touch” with Chelsea and the Premier League, and that the Blues might seek for a “amended license.”
“I think Chelsea have said that they would do so, and we’ll certainly engage with the club and league to evaluate any operationally required alterations,” they continued.
Chelsea’s game against Newcastle at home on Sunday has already sold out, and the club will travel to Lille for a Champions League match on Wednesday. The home match against Brentford on April 2 is sold out, however tickets for subsequent games will not be available.
With 45 percent of gate proceeds going to each team, it’s uncertain what will happen with the club’s FA Cup quarter-final against Championship side Middlesbrough on March 19.
Tuchel is receptive to the message of peace.
After mobile network provider Three canceled its jersey sponsorship arrangement with Chelsea, manager Thomas Tuchel suggested that his players put a “message for peace” on their shirts.
“Perhaps the concern is more finding enough jerseys to play in, given the fines,” Tuchel continued. “However, as long as we have enough shirts and the bus has enough gasoline, we will come and be competitive.”
“This is what everyone can count on, and this is what we expect of ourselves, and when there’s a huge storm, you dig in, you all stick together, and you remain strong and get through it.”
“However, peace messages can never be incorrect.”
Meanwhile, after supporters chanted Abramovich’s name during Chelsea’s triumph against Norwich on Thursday, fans have been advised to cease shouting in his favour.
Fans should remember that Abramovich has deep relations with Russian President Vladimir Putin, whose dictatorship has performed “barbaric deeds” in Ukraine, according to Technology Minister Chris Philp on Radio Four’s Today show.
‘We’re in the year 2022, and seeing this is terrible for everyone.’
On Friday, Premier League managers spoke out for the first time about Abramovich’s sanctions.
“It’s extremely terrible that this catastrophic issue, this conflict between Russia and Ukraine, is harming football and the athletic world,” remarked Antonio Conte, currently the manager of Tottenham Hotspur.
“It’s quite disappointing to see that Russia’s athletes have been barred from competing. It isn’t fair, in my opinion. I’m extremely familiar with the effort they do every day for this tournament.
“You must pay for this circumstance, which I believe is unjust. To be honest, I thought the problem would be resolved since it is causing so much harm. We’re in the year 2022, and seeing this is terrible for everyone.”
Jurgen Klopp, the Liverpool manager, expressed sympathy for Chelsea staff but feels the government was “correct” in sanctioning Abramovich since “he is connected” to Putin.
The fines, according to Newcastle manager Eddie Howe, will have little impact on Chelsea’s performance, but Leicester manager Brendan Rodgers, who formerly worked at Chelsea as a youth and reserve-team coach, feels Tuchel’s position is difficult.
“I feel for him and the guys,” Rodgers added, “but they’re extremely professional.” “They’re a fantastic team, and I’m certain they’ll concentrate on that aspect between now and the conclusion of the season.”
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