Chelsea suffer £120m loss due to sanctions against Roman Abramovich

Chelsea Football Club lost £121m due to sanctions against former owner and Russian businessman Roman Abramovich, with a financial turnover of £481.3m in 2022, according to the club’s financial statements, which are published on its website. site.

Chelsea expect the sanctions to continue to affect the club’s financial performance in the coming years due to the long-term impact of the restrictions on new contracting agreements. “Despite losses this year and operational problems related to sanctions, the club continues to comply with the financial rules of UEFA and the Premier League,” Chelsea said in a statement.

In March 2022, Roman Abramovich came under British sanctions due to the start of Russia’s military operation in Ukraine. Due to sanctions against its owner, the club received a special license. It restricted the sale of tickets for the club’s games, the receipt of orders for events and the signing of contracts with players. The restrictions were in effect until May of that year, when Chelsea acquired a consortium led by American businessman Todd Boehley. According to an agreement with the British authorities, Mr. Abramovich must hand over all proceeds from the sale of the club to a fund to help victims of hostilities in Ukraine.

Olesya Pavlenko