Image: ReutersEuropean soccer champions Chelsea are now effectively controlled by the British governmentAbramovich, who had been under scrutiny following Russia’s invasion of Ukraine, had announced he was selling the Premier League club last week.
“The licence is a safety net to protect the sport, the Premier League, the wider football pyramid down to the grassroots game, loyal fans and other clubs. It will deprive Mr Abramovich of benefiting from his ownership of the club and mean he cannot circumvent UK sanctions,” the government said in a statement. and his investment resulted in the most successful era in their history as they won five Premier League titles, five FA Cups and the Champions League twice.
Abramovich had funded Chelsea via 1.5 billion pounds in total loans through Fordstam Limited, the entity through which he owns the club.
What does fifa say about this. Isn't this political meddling in sports?
Politics nd Sport 🙄, cowards are afraid of Putin now are attacking Chelsea 😳
Just a question for Twitter LLB out there: Would 'the best constitution in the world' allow this?