Chelsea’s bank accounts frozen following Abramovich’s sanctions

-

SPORT

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

Published

 

on

 March 11, 2022

By

 EKENE OBI

Chelsea’s bank accounts have been frozen, after the UK government sanctioned owner Roman Abramovich, the UK Times reports.

The Blues have been given a special licence to continue with football related activities, but a proposed sale of the club has been put on hold.

The special license expires on May 31 2022, but HM Treasury may vary, revoke or suspend this license at any time.

However, the club’s bank accounts have now been frozen, leaving the club facing ‘financial paralysis’.

Despite the license allowing Chelsea’s day-to-day activities to continue, several of the club’s corporate accounts, including credit cards’ have been frozen.

This is due to banks being ‘risk-averse’.

A source said: “The licence allows the club to continue with day-to-day activities but the banks don’t have the risk appetite for it.

“They’ve frozen some of the corporate credit cards. It puts a lot more pressure on the club.”

Comments

Post a Comment

What do you think??

Top #10 Most Read

Free mosquito nets distributed in Rivers

-
Image
Free mosquito nets distributed in Rivers The Nigeria Liquified Natural Gas Nigeria Limited (NLNG) and the United States President’s Malaria Initiative (US-PMI) have begun the distribution of free mosquito treated nets on Bonny Island, Rivers State. A statement by the General Manager, External Relations and Sustainable Development,  Andy Odeh, in Port Harcourt, said the exercise was part of the plans to make the island Nigeria’s first malaria-free zone. He said the foreign partner, US-PMI, donated 273,450 nets for the campaign.
Read More...

MEET WOMAN WHO EATS SAND AND GRAVEL

-
Image
If you were to ask your grandparents a secret diet to a long life, sand and gravel will surely not be on the menu. However, Kusma Vati from Varanasi, an 80-year-old woman in India has left many shocked after she admitted that she has been eating sand and gravel for the last 65 years. According to her, she was 15-years-old when she first ate sand and gravel to ease an upset stomach. There has been no looking back since then, sand and gravel have become a part of her diet. Many people, her grandchildren included are worried about the side effects this strange diet may have on her health but she believes that chewing sand and gravel have made her teeth very strong saying they can bite into the “hardest stone”.. Kusma Vati | Caster News In a Daily Mail report, Vasti who works as a farm labourer said: “I have been eating sand and gravel for around 63 years now, I love eating them and I don’t think they have any harmful effects. “I haven’t suffered any problems in my stoma...
Read More...

Day 2 -ukraine under Russian attack

-
Image
LIVE UPDATES: Ukraine enters second day under Russian attack As the world comes to terms with the Russian invasion of Ukraine, here's a quick guide to the basics. Ukraine is in Eastern Europe and shares a border with Russia. It used to be part of the Soviet Union, but became an independent country in 1991.
Read More...

Unidentified Flying Object Crashes In Croatia

-
Image
Some media reports said that the mysterious object could be a drone that flew to the Croatian capital from the Ukrainian war zone hundreds of miles away. Others said it could be a small plane. The reports could not be immediately confirmed. Photos from the scene show metal pieces of the wreckage spread on the ground and what seems to be a section of a wing. - VIA GETTY IMAGES The police said they came to the scene of the explosion on the outskirts of Zagreb after calls from local citizens. They said they found a large crater and two parachutes in a wooded area. Some parked cars were damaged. Photos from the scene show metal pieces of the wreckage spread on the ground and what seems to be a section of a wing. Police sealed off the area of the blast for investigation. Witnesses quoted by the media said they first heard a large explosion that rocked the ground, then a foul smell. Police sealed off the area of the blast for investigation. ANADOLU AGENCY VIA GETTY IMAGES
Read More...

3 things you should not share with friends or family members

-
Image
Sometimes we want to be free with people and share our things with them. Sharing is not a bad thing to do but there are some personal things we should never share with our friends or with family members. When we do this, it's not because we are greedy or we don't want to share. According to Healthline, some things can't just be shared for medical reasons. If we do, there's the possibility of developing diseases and because of this, it's better we don't share them at all. Lipstick or lip gloss: This is common for ladies, whenever a lady forgets her make up kits at home, she would try to borrow them from her friend. If everything would be borrowed, lipstick or lip gloss shouldn't be among them. Diseases like herpes can easily be developed while sharing our lipstick or lip gloss. Headphones: Sharing headphones can be dangerous to our ears. This is because each person has a unique balance of bacterial flora in their ear wax. When we share headphones, we run the ...
Read More...

Charli XCX’s ‘Crash’ Has Arrived: Stream It Now

-
Image
Musical guest Charli XCX performs during "Saturday Night Live" on March 5, 2022. Will Heath/NBC The pandemic has been a drag, no doubt about it. But it certainly hasn’t cramped  Charli XCX’s  style. If anything, the lockdowns and loneliness has got the Brit’s creative electricity firing. Charli XCX today releases   Crash , her fifth studio album and second LP since the start of the global health crisis. In those two, strange years, Charli has released two more DJ mixes and a live album. Her most recent LP,  How I’m Feeling Now,  was recorded in a single month during isolation, dropped in May 2020, and was nominated for the Mercury Prize and a Brit Award for British female solo artist.  EXPLORE
Read More...

Rip - Queen Elizabeth

-
Image
Queen Elizabeth II, the longest-serving monarch in British history and an icon instantly recognisable to billions of people around the world, has died aged 96, Buckingham Palace announced on Thursday. The eldest of her four children, Charles, Prince of Wales, who at 73 is the oldest heir apparent in British history, becomes king immediately. The queen’s death came after the palace announced on Thursday that doctors were “concerned” for her health and recommended she stayed under medical supervision. All her children — Charles, Princess Anne, 72, Prince Andrew, 62, and Prince Edward, 58, flocked to her Scottish Highland retreat, Balmoral. They were joined by Charles’s sons, Prince William, and his estranged brother Prince Harry. Quick facts about Queen Elizabeth ii Click link 👆👆
Read More...

Hang Nails

-
Image
What is a hangnail? Even though it’s called a hangnail, that little piece of skin isn’t part of the nail. Instead, it’s a torn piece of skin that hangs loose next to your nails. And it’s rare to have hangnails on your toes, though, it does happen from time to time. “A hangnail is really short,” says Dr. Vyas. “It’s kind of stiff and it arises from the side of your nail bed.” Hangnails can be caused by dry air, using alcohol-based  hand sanitizers  (which we still need to use!) and constant hand washing (which we also still need to do!). Those with a habit of picking or biting around their nails are likely to get hangnails. Swimming in a chlorinated pool can also cause your skin to dry out and lead to hangnails. If you enjoy a manicure every now and then, make sure you’re not cutting your cuticles but pushing them back instead. Cutting your cuticles can lead to hangnails and infections. How to remove a hangnail Follow these steps to safely remove a hangnail. ...
Read More...

When road workers accidentally stumbled across a pair of tombs in China, archaeologists could not have anticipated just how well preserved a corpse had been for 700 years

-
Image
An extremely well-preserved female corpse was found on March 1, 2011 The skin of a mummy discovered by accident had been perfectly preserved over 700 years. Road workers stumbled upon a jaw-dropping corpse belonging to a high-ranking woman from  China's  Ming Dynasty. News of the remarkable archaeological breakthrough on in the city of Taizhou, in eastern China on March 1 2011 was first broken to the world's press a decade ago. A team expanding a street in the Jiangsu Province dug up by chance two wooden tombs believed to date back to China's ruling power between 1368 and 1644. Justsix-and-a-half feet below the road surface was the woman whose features shoes and ring all remained in tact and showing hardly any signs of deterioration. A ring survived 700 years on the woman's finger Chinese archaeologists were immediately called from the nearby Museum of Taizhou to inspect the body and were stunned by the condition of almost everything from the woman's skin and hair r...
Read More...

Quick facts about Queen Elizabeth ii

-
Image
Description Elizabeth II is the Queen of the United Kingdom and 14 other Commonwealth realms. Elizabeth was born in Mayfair, London, as the first child of the Duke and Duchess of York. Her father acceded to the throne in 1936 upon the abdication of his brother, King Edward VIII, making Elizabeth the heir presumptive.  Wikipedia Born:  21 April 1926,  Bruton Street, London, United Kingdom Died:  8 September 2022,  Balmoral Castle, United Kingdom Overview
Read More...