Chelsea FC for R77bn: UK Government Open to Offers From Potential Buyers After Abramovich Sanctioned

Chelsea FC for R77bn: UK Government Open to Offers From Potential Buyers After Abramovich Sanctioned

  • Chelsea football club has been placed under the control of the UK Government following sanctions being imposed on the club's owner, Roman Abramovich
  • Potential buyers have been instructed to approach the UK government if the wish to make an offer on the club
  • Under current legislation the sale of the club is not possible and would require the government to amend the conditions

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Chelsea Football Club is up for offer after the Russian oligarch Roman Abramovich was sanctioned by the UK government for his connection to Vladimir Putin.

Before the sanctions were imposed, Abramovich had frantically tried to offload the club and promised to donate the net profit to victims of war.

Chelsea FC, Ukraine, Russia, Sanctions, Roman Abramovich
The UK government might be open to offers from potential buyers interested in Chelsea FC. Photo credit: Phil Shephard-Lewis/Popperfoto, Steven Paston/Icon Sport
Source: Getty Images

The Russian billionaire was expecting to fetch £3.9 billion (R76.5 billion) for the prestigious club before the sanctions were imposed.

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Following the sanctions, the club is essentially controlled by the government and under current legislation, the club would not be able to be sold.

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However, if a buyer did show interest then the government might be prepared to alter the conditions of the sanctions to allow for the club to be sold according to SABC News.

Nick Candy, a British property developer is still interested in making an offer, according to a spokesperson after the sanctions were announced.

Seven oligarchs sanctions in latest response to Russian aggression

Besides Abramovich, six other Russian oligarchs have been sanctioned by the British government. Abramovich's business interests in a steel factory that supplies the Russian military was cited as one of the reasons for him being included in the latest tranch of sanctions.

The billionaire is also subject to a travel ban and cannot make any transactions within the UK in addition to all his assets, including Chelsea FC, being frozen according to The Guardian.

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Singapore comdemns Russian invasion of Ukraine, introduces sanctions

US teen who tracked Elon Musk's jet is now monitoring Russian oligarchs

Earlier, Briefly News reported that Russian oligarchs are among the world's richest people, however, a 19-year-old US student is exposing the locations and flight times of their whereabouts using a public aircraft tracker.

James Sweeney from Florida has a Twitter account called Russian Oligarch Jets with close to 250 000 followers and targets Russian billionaire businessmen who are under scrutiny because of Russia's invasion of Ukraine.

Sweeney caught the attention of the world's richest man Elon Musk after the teenager posted updates of the Tesla owner's private jet location on Twitter, DeseretNews reports.

Now the college student is monitoring the jets of Russia's President Vladimir Putin and the country's richest men such as Chelsea football club owner Roman Abramovich whose jets and helicopters has been spotted in Moscow, Baku, Saint Kitts and Nevis and Dubai, the Guardian reports.

Source: Briefly News

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