Chelsea FC betting odds fluctuate amid Roman Abramovich sanctions

Chelsea FC betting odds fluctuate amid Roman Abramovich sanctions

Sports betting odds have fluctuated today amid the news that Chelsea FC owner Roman Abramovich has been sanctioned by the government in the United Kingdom.

According to reports, Abramovich is one of seven oligarchs to be sanctioned, which includes having assets frozen and a ban on travel.

In light of this, betting odds at bookmakers around the world have fluctuated across a number of markets, including the clubs next domestic fixtures with Norwich City and Newcastle United, and next weeks Champions League clash with Lille, as fans wonder if the news will impact the remainder of the football season, interim summer period and the beginning of the 2022/23 season.

Additionally, Chelsea FC are unable to sell any more tickets to matches and its club shop, which sells merchandise, will be shuttered.

What’s more, the club are unable to buy or sell players on the football transfer market, leaving the near and distant future of the West London club in serious doubt.

Reportedly, the UK government has stated that fans with existing tickets already purchased, including season tickets, are still able to attend matches and a special license is to be issued so that fixtures can be played and staff will be paid.

Earlier this month, the Chelsea FC owner went public with his intentions to sell the club amid uncertainty around the Russia Ukraine conflict, a move which is now in jeopardy due to Abramovich having his assets frozen, including Chelsea Football Club.

However, there has been reports from UK media outlets that government ministers are considering allowing Roman Abramovich to obtain a special license that would allow the fifty-five year old businessman with Russia, Israel and Portugal citizenship to sell Chelsea FC on the basis that can is able to prove that he would not benefit from the sale.

Culture Secretary Nadine Dorries has released a statement on social media on the news and the football club’s future:

To ensure the club can continue to compete and operate we are issuing a special licence that will allow fixtures to be fulfilled, staff to be paid and existing ticket holders to attend matches while, crucially, depriving Abramovich of benefiting from his ownership of the club.

I know this brings some uncertainty, but the Government will work with the league & clubs to keep football being played while ensuring sanctions hit those intended. Football clubs are cultural assets and the bedrock of our communities. We’re committed to protecting them.

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