On March 10, the British government imposed heavy sanctions on Chelsea due to the club being owned by Russian oligarch Roman Abramovich.
At the moment, the club cannot sell any merchandise or match tickets, will not receive any prize money for tournaments they might win and can’t renew player deals or make new signings.
These sanctions were put in place on March 10. However, it was one week ago before that when Abramovich decided to sell Chelsea due to rising pressure from the government.
Thomas Tuchel admitted that the outside noise surrounding the sale and sanctions have affected his team – let’s take a look at how they have fared since Roman made the announcement to sell the club.
- March 5: Burnley 0-4 Chelsea
- March 10: Norwich 1-3 Chelsea
- March 13: Chelsea 1-0 Newcastle
- March 16: Lille 1-2 Chelsea
It’s a credit to the team that they have managed to win all of their games despite the drama. Granted, all three league games have been against the weaker teams, but to grind out results is what matters.
Hopefully, the sanctions are removed soon and the club can go back to functioning how it always has, but under a new owner.
Chelsea receive new bid ahead of Friday’s deadline
London-based equity firm, Aethel Partners have become the latest bidder for Chelsea.
On Thursday, they submitted an offer in excess of £2bn, ESPN reports.
It is understood the bid includes an immediate £50m investment to prevent the club from becoming insolvent.
Chelsea continues to operate under a strict licence, after the UK government imposed several sanctions on its owner, Roman Abramovich, over his alleged ties to Russia President Vladimir Putin.
The bid is solely funded by Aethel Partners, without any celebrity or independent billionaire backing.
The New York-based merchant bank Raine Group, who were appointed to manage the sale, have set a deadline of 9pm GMT on Friday for the final submission of bids.
Two or three preferred offers will then be identified and put forward.
It is understood that the total number of offers received is between 15 and 30.