By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
NewsunplugNewsunplugNewsunplug
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Reading: Abramovich blamed for Chelsea’s £121m losses
Share
Notification Show More
Font ResizerAa
Font ResizerAa
NewsunplugNewsunplug
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Search
  • Home
  • News
  • Politics
  • Metro
  • Entertainment
  • Sports
  • Lifestyle
  • Journal
Have an existing account? Sign In
Follow US
Newsunplug > Blog > Sports > Abramovich blamed for Chelsea’s £121m losses
Sports

Abramovich blamed for Chelsea’s £121m losses

hammed
Last updated: March 28, 2023 8:43 am
hammed
Published: March 28, 2023
Share
SHARE

Chelsea put losses of £121million in their latest financial records down to sanctions on former owner Roman Abramovich by the UK government.

The Blues posted their annual accounts, covering the 2021-22 season, showing significant losses in a period that included having to work under a special licence.

Abramovich was sanctioned by the UK government after Russia’s invasion of Ukraine in February 2022, believing he had close ties with president Vladimir Putin and freezing the assets of several individuals as a result.

That saw Chelsea forced to operate under a special licence, which restricted the club from selling tickets, accepting event bookings and signing contracts with players until Todd Boehly’s takeover was completed on May 30, 2022.

In a statement yesterday, Chelsea added that these sanctions would be felt again “in the following years”.

The Blues announced an overall net loss of £121.3m, though they confirmed they continue to meet the Premier League and UEFA’s financial regulations.

You Might Also Like

UCL: Referee to officiate Real Madrid, Man City second leg in Spain confirmed
#EPL: ‘He has decided’ – Richard Keys on Klopp’s successor at Liverpool
Arsenal’s Balogun told to choose England over Nigeria, USA
#EPL: Panic buying – Don Hutchison criticizes Chelsea for signing two players
#Euro2024: I’m proud of him – Ian Wright names ‘undroppable’ player in England, Arsenal

Quick Link

  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
TAGGED:AbramovichChelsea
Share This Article
Facebook Twitter Email Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • LALIGA: Yamal Big Doubt For El Clasico Against Real Madrid With ‘Complicated Injury’
  • 2025 U-20 W/cup: Bameyi Confident Flying Eagles Can Win Title
  • “It Got Me In My Feelings” – Mercy Aigbe Emotional Following Sweet Message From Ghanaian Actor, Majid Michel
  • Davido’s Sister Sharon Opens Up About Striking Family Resemblance In The Adeleke Clan
  • Ned Nwoko Gushes Over Regina Daniels After Viral Bathroom Video Sparks Backlash

Recent Comments

No comments to show.

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.
Quick Link
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Top Categories
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]

Top Categories

  • Entertainment

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.
Quick Link
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Top Categories
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]
© 2023 Newsunplug | All Rights Reserved.
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?