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NEWS UPDATE: BREAKING: EPL: Chelsea’s bank accounts frozen following Abramovich’s sanctions

NEWS UPDATE: BREAKING: EPL: Chelsea’s bank accounts frozen following Abramovich’s sanctions

Chelsea’s savings account have actually been frozen, after the UK federal government approved owner Roman Abramovich, the UK Times reports.

The Blues have actually been offered an unique licence to continue with football associated activities, however a proposed sale of the club has actually been postponed.

The unique license ends on Might 31 2022, however HM Treasury might differ, withdraw or suspend this license at any time.

Nevertheless, the club’s savings account have actually now been frozen, leaving the club dealing with ‘‘ monetary paralysis’.

In spite of the license enabling Chelsea’s everyday activities to continue, numerous of the club’s business accounts, consisting of charge card’ have actually been frozen.

This is because of banks being ‘‘ risk-averse’.

A source stated: “The licence enables the club to continue with everyday activities however the banks do not have the danger hunger for it.

” They have actually frozen a few of the business charge card. It puts a lot more pressure on the club.”

BREAKING: EPL: Chelsea’s bank accounts frozen following Abramovich’s sanctions

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