UK Govt Opens the Door to New Chelsea Owner – After Wrangling With a Russian Billionaire
What’s the Deal?
- After the government slapped sanctions on Roman Abramovich, his plan to sell Chelsea has hit a snarl.
- Tech Minister Chris Philp told Sky News that, as things stand, the sale would be blocked.
- But should a fresh buyer step up, they can tap the UK for an official tweak to the rules.
Why the Sudden Pause?
- Late last month, Russia’s invasion of Ukraine spooked the UK into tightening the net around oligarchs.
- Next Thursday, the government froze Abramovich’s assets and slapped a travel ban.
- The result? His bid to sell Chelsea for a whopping £3 billion (about S$5.34 billion) is on ice.
Other Fallout
- London‑listed Evraz, where Abramovich owns 28.6 % of the shares, has seen its entire board resign.
What’s Next?
- If a new owner emerges, the club is free to approach the British Cabinet and request a “friendly” adjustment to the licensing conditions.
- Whether that means lifting the embargo or carving out an exception is yet to be decided.
Bottom line: Chelsea’s future hangs in the balance, and the UK’s next move could rewrite the game plan entirely.
