FOLLOW US

America February 27, 2022 3 mins read

UK’s Chelsea Football Club owner puts team in trust to avoid sanctions 

America ı By Jackie Allen

0 Comments

Chelsea Football Club

Sanctions against Russia for the invasion of Ukraine are being tested in the UK. The Russian owner of the Chelsea Football Club, Roman Abramovich, a Putin-linked financier placed the team in a trust to avoid them.

There was increasing pressure on Prime Minister Boris Johnson from leading parliamentary officials. And the calls for him to seize or freeze Abramovich's UK assets were growing.

It was confirmed earlier this week that prohibitive measures would be put in place to target Vladimir Putin's 'inner circle'.  However, Abramovich hadn’t yet been sanctioned despite the promise that Russian banks and businesses would have their assets frozen.

Politicians were calling on Johnson to take Chelsea to enforce sanctions targeting rich Russians operating in the UK.

The billionaire, one of Russia's highest-profile oligarchs, holds both Israeli and Russian citizenship. And his biggest investment in the UK is 2 billion in the Chelsea Football League.

As a preemptive measure, Abramovich put the club in a trust.

 “I have always taken decisions with the club’s best interest at heart,” Abramovich said. “I remain committed to these values. That is why I am today giving trustees of Chelsea’s charitable foundation the stewardship and care of Chelsea FC.” 

“I believe that currently, they are in the best position to look after the interests of the club, players, staff, and fans,” he added.

The foundation is chaired by Bruce Buck. And he is also chairman of the club who became a director when Abramovich got the team. Chelsea's director of finance Paul Ramos is also a trustee. And Emma Hayes, who manages the women's team is a trustee, as well.

UPDATE: On Monday Abramovich was present at the Russia-Ukraine peace summit. He attended at the request of Ukraine President Zelensky. Abramovich has close ties to the Jewish communities in Russia and Ukraine. And so does Zelensky.

On Saturday, the 27-year-old daughter of Roman Abramovich shared her views with her 41,000 Instagram followers. Sofia Abramovich posted a message which read: "The biggest and most successful lie of the Kremlin's propaganda is that most Russians stand with Putin". Sofia spends much of her time in London and has been seen with her billionaire dad around the Chelsea facility at Stamford Bridge.

This post was shared on Instagram by the daughter of Chelsea owner Roman Abramovich Instagram/sofiaabramovich97

Chelsea Football Club avoids sanctions

 Chelsea FC, part of the UK’s celebrated Premier soccer League is known as the “Pride of London.” Both men's and women’s teams operate from the historic Stamford Bridge location. And a Stadium is part of the package. 

The billionaire has owned the club since 2003 through his private company, Fordstam. Mega-wealthy Abramovich has invested more than $2 billion in the form of loans.

He oversaw the transformation of the west London team into one of the most successful in English leagues.  Earlier this month, Chelsea added the Club World Cup title to the Champions League trophy they won last year.

Players at Chelsea are preparing to face Liverpool in the Carabao Cup final on Sunday.

 

Previous Article

Ex-Goldman banker Leissner ‘faked’ divorce to wed Kimora Lee Simmons

Read More
3373 Posts

Jackie Allen

Jackie is a freelance journalist and technology geek. She worked as a telecom project director for AT&T and BellSouth. Before joining the USA Herald she has written books, articles, blogs and whitepapers. Her clients include Samsung and other technology companies.

Discussion

No comments yet. Be the first to join the discussion!

Don’t Miss It
America October 06, 2026
Emera, ATCO CA$72B Canadian Utility Merger Targets Historic Scale
By – Rachel Moore
America October 06, 2026
Uber’s $2.3B EzCater Buy Targets the Booming Catering Market
By – Rachel Moore
America October 06, 2026
ICE Fines: Judge Halts Rule Behind $1.8 Million Penalties
By – Michallie Harrison
America October 06, 2026
SIAA Acquires Canopy in Specialty Insurance Expansion
By – Tyler Brooks
America October 06, 2026
Diesel Tax Relief: Trump’s Order Could Leave a Later Bill
By – Michallie Harrison
America October 6, 2026
World Space Week 2026 Celebrates a…

Getting to orbit used to mean building a rocket, launching…

By – Tyler Brooks
America October 6, 2026
NASA Pushes Permanent Moon Base as…

WHAT READERS SHOULD WATCH NASA says astronauts are headed back…

By – Samuel Lopez
America October 6, 2026
‘We are all Jane Doe’ Cornell…

More than 1,000 Cornell protestors marched across Cornell University’s Ithaca…

By – Jackie Allen
America October 6, 2026
More Than 20 Groups Organized Massive…

Key Takeaways The massive Oct. 5 demonstration supporting the woman…

By – Samuel Lopez
America October 6, 2026
Influencer Sara Gilson Murder-Suicide: 911 Call…

Influencer Sara Gilson was fatally shot by her estranged husband…

By – Jackie Allen
America October 6, 2026
Starbucks Sued Over ‘Sugar-Free’ Protein Drinks…

What the Starbucks Sugar Fight Comes Down To Starbucks is…

By – Samuel Lopez
America October 6, 2026
Starbucks Sued Over ‘Sugar-Free’ Protein Drinks…

What the Starbucks Sugar Fight Comes Down To Starbucks is…

By – Samuel Lopez
America October 5, 2026
OpenAI Sued Over Astra Name As…

What Readers Need to Know TradeSun says it used ASTRA…

By – Samuel Lopez
America October 5, 2026
Shark Tank Boosted Teaspressa Sales —…

Key Takeaways Teaspressa, the Phoenix beverage company that appeared onShark…

By – Samuel Lopez
America October 5, 2026
Trump’s Harvard Funding Fight Hits Appeals…

What the First Circuit Is Really Deciding The First Circuit…

By – Samuel Lopez
America October 5, 2026
Gatorade Recall Hits 122,000 Cases Over…

A missing word on an ingredient label might seem minor…

By – Tyler Brooks
America October 5, 2026
DOJ Weaponization Report Exposes How Biden…

Inside the Bureaucracy Internal DOJ and FBI records prove career…

By – Samuel Lopez
America October 5, 2026
Letitia James Takes Over Cornell 7…

New York Attorney General Letitia James is facing criticism over…

By – Jackie Allen
America October 4, 2026
Russia Plague Scare Follows Lab Worker’s…

A Russia plague scare has prompted medical monitoring and reported…

By – Michallie Harrison
America October 4, 2026
UFO Whistleblower David Grusch Makes Explosive…

A UFO whistleblower has made some of the most extraordinary…

By – Jackie Allen
America October 4, 2026
UFO Waiver: Pentagon Opens  Door for…

The new UFO Waiver issued by the Pentagon creates a…

By – Jackie Allen
America October 3, 2026
Firerose Claims She Was Kept a…

Firerose is speaking publicly about her turbulent marriage to country…

By – Jackie Allen
America October 3, 2026
Missing Children: Long Island Operation Rescues…

Missing children were at the center of a major three-day…

By – Jackie Allen
America October 4, 2026
Google Told Investors Gemini 3.5 Pro…

Key Takeaways A proposed securities class action filed Friday in…

By – Samuel Lopez
America October 4, 2026
Angelina Jolie’s Viral Handwriting Reveals Why…

Three Reasons Cursive Still Matters Government archives need people who…

By – Samuel Lopez
America October 3, 2026
South Carolina Seeks Emergency Control of…

What Policyholders Need to Know South Carolina regulators want a…

By – Samuel Lopez
America October 3, 2026
California Sends Cease and Desist Letter…

What Matters in This Fight California regulators have reportedly ordered…

By – Samuel Lopez
America October 3, 2026
Tennessee Prison Chief Resigns After Christa…

What the Failed Execution Changes Frank Strada will step down…

By – Samuel Lopez
America October 3, 2026
Costco Faces $5 Million Sugar-Free Lawsuit…

By Samuel López | USA Herald Costco Wholesale Corporation is…

By – Samuel Lopez
America October 2, 2026
NFL Concussion Claims Count as Separate…

What the Coverage Ruling Means Each former player’s claim counts…

By – Samuel Lopez
America October 2, 2026
Halle Berry Hit with Temporary Restraining…

What the Court Order Signals A Los Angeles judge granted…

By – Samuel Lopez
America September 30, 2026
Arnold Schwarzenegger Heads to Jury Trial…

What the Jury Will Decide Schwarzenegger has conceded negligence in…

By – Samuel Lopez
America September 29, 2026
Trump Launches America.gov AI Portal That…

What Americans Need to Know gov is now an AI-powered…

By – Samuel Lopez
America September 28, 2026
Pope Leo XIV Condemns France’s New…

What Readers Should Know Pope Leo XIV used his visit…

By – Samuel Lopez
America September 27, 2026
Strangers Collected $30 Million In ‘Illegal…

What You Need to Know 1. George A. Neukom Jr.’s estate…

By – Samuel Lopez
America October 3, 2026
Costco Faces $5 Million Sugar-Free Lawsuit…

By Samuel López | USA Herald Costco Wholesale Corporation is…

By – Samuel Lopez
America September 28, 2026
JJ McCarthy Trade Sends Former First-Rounder…

Two years ago, a franchise spent a top-10 pick on…

By – Tyler Brooks
America September 26, 2026
New York Sues Polymarket Claiming Prediction…

What This Fight Is Really About New York says Polymarket…

By – Samuel Lopez
America September 24, 2026
New York Sues Polymarket Over Alleged…

What’s Riding on the Bet New York says Polymarket’s sports…

By – Samuel Lopez
America September 23, 2026
Roblox widow alleges $6 million scam,…

The Roblox widow says a former companion took $6 million…

By – Jackie Allen
America September 22, 2026
Network Traffic Challenges May be Reshaped…

Network traffic has traditionally moved in one dominant direction: from…

By – Jackie Allen

No posts found.

No posts found.

Signup for the USA Herald
exclusive Newsletter