Barclays suspend Chelsea FC bank account: Reports March 11, 2022 Barclays has temporarily suspended Chelsea FC’s bank account as it assesses the impact of sanctions, according to multiple reports. The club’s owner Roman Abramovich was placed on the UK’s sanctions list yesterday morning over his links to Vladimir Putin and his part-ownership in a firm allegedly linked to the production of Russian military equipment. The [...]
Three Mobile suspends £40m Chelsea sponsorship amid Abramovich sanction March 10, 2022 Mobile giant Three has said it is reviewing its £40m sponsorship of Chelsea following the UK's sanction of owner Roman Abramovich.
Chelsea in race to find new backer or risk administration as Abramovich sanctions bite March 10, 2022 Chelsea face a race to find a new benefactor after Roman Abramovich was sanctioned by the UK government – or run the risk of administration. The sanctions prevent any new money going into the Premier League club, effectively forcing Abramovich to offload Chelsea or watch it run out of money. The club have consistently spent [...]
Branding and product partnerships push football clubs into the fintech arena, and vice versa March 10, 2022 The fintech industry has never been fiercer. Funding levels have reached astronomical levels, as new ideas percolate throughout the financial ecosystem, meaning more and more fintechs are becoming experts and pioneers in a very specific aspect of the financial landscape. By adopting a collaborative as opposed to a competitive mindset, firms are given a platform [...]
Chelsea match given go-ahead by Premier League despite Abramovich sanctions March 10, 2022 The Premier League has said Chelsea can face Norwich City as planned this evening despite the sanctioning of Roman Abramovich. Uncertainty surrounds the future of the club after Abramovich had his assets frozen by the UK government over his alleged links to Russia and its prime minister Vladimir Putin. “Following the UK Government’s announcement that [...]
Explained: What Roman Abramovich sanctions mean for Chelsea sale, matches and transfers March 10, 2022 The future of Chelsea FC has been plunged into uncertainty after owner Roman Abramovich was sanctioned by the UK government today. Abramovich has had his assets frozen because of his links to Russia and its prime minister Vladimir Putin, and that has major ramifications for the Premier League club’s operations and his plan to sell [...]
Roman Abramovich facing sanctions as UK adds Chelsea owner to Putin oligarchs hit list March 10, 2022 Chelsea owner Roman Abramovich has been added to the UK’s sanctions list, Culture Secretary Nadine Dorries said. She said Vladimir Putin’s attacks on Ukraine involved “new levels of evil by the hour” and the Government had announced further sanctions “against individuals linked to the Russian Government”. “This list includes Roman Abramovich, the owner of Chelsea [...]
Saudi Arabia’s PIF and Amanda Staveley should have waited to buy Chelsea instead March 10, 2022 I can’t help thinking that Amanda Staveley and her consortium have bought the wrong football club. Had they waited just five months they could have had Chelsea FC rather than Newcastle United. A mooted £3bn price tag may be 10 times the price paid for the Magpies, but still well within the means of Saudi [...]
Super League, Mbappe and at loggerheads over lunch: the feud between PSG and Real Madrid March 9, 2022 In the hours before Paris Saint-Germain beat Real Madrid in the Champions League last month, their respective presidents met for a traditional pre-match lunch that summed up the antipathy between the two clubs. Real Madrid president Florentino Perez arrived late to the Pavillon Ledoyen restaurant near the Champs Elysees. Nasser Al-Khelaifi, the Qatari president of [...]
Binance chief executive drops plans to snap up Chelsea FC March 8, 2022 Binance has reportedly ruled out a takeover of football club Chelsea after discussing the proposition last week.