EPL

Chelsea sanctions lifted after Boehly takeover, UK government confirm

By Sports Desk May 30, 2022

The Department for Culture, Media and Sport has confirmed Chelsea are no longer subject to UK government sanctions following the club's sale to a consortium led by Todd Boehly.

The government has also announced it has received assurances the takeover will not financially benefit Roman Abramovich or any other individual targeted by sanctions in the aftermath of Russia's invasion of Ukraine.

On Monday, the Blues announced the conclusion of the long-running takeover saga surrounding the club, with a group led by Los Angeles Dodgers part-owner Boehly and involving Clearlake Capital acquiring the Stamford Bridge outfit.

Chelsea were originally granted a special licence to allow them to finish the 2021-22 season after measures against Abramovich were announced in March.

But with the Russian having officially concluded his time at Stamford Bridge, the club is now free to conduct business without restrictions once more.

"Today's change of ownership marks a new chapter for Chelsea Football Club in the best interests of its fans, the club and the wider football community," a government spokesperson said.

"The club is now no longer subject to the sanctions imposed on Roman Abramovich, an individual who has enabled Putin's brutal and barbaric invasion of Ukraine.  

"Since sanctions were imposed on Abramovich on 10 March, we have worked tirelessly to ensure the club can continue to play football, while maintaining the integrity of our sanctions regime. 

"Chelsea's long-term future is now secured, and binding commitments have been received which ensure sanctioned individuals cannot financially benefit from the sale. The government retains control to ensure that this is the case.

"We have begun the process of ensuring the proceeds are used for humanitarian purposes in Ukraine that result from Russian aggression. Further details will be set out in due course.

"I personally want to thank ministers and officials in the British government, and the Premier League, for all their work in making this happen."

 

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