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underpants

(182,589 posts)
Fri Mar 11, 2022, 05:26 PM Mar 2022

Chelsea credit cards frozen by Barclays following Abramovich sanctions - sources

Chelsea's ability to operate on a day-to-day basis was complicated further on Friday after Barclays temporarily froze the club's credit cards, sources have told ESPN.

The news, which was first reported by The Times, comes after the club's assets were frozen on Thursday following UK government sanctions on owner Roman Abramovich.

The Blues have been given a licence to continue fulfilling fixtures and paying staff but are relying on cash reserves to function, with various revenue streams halted as part of the government action on Abramovich because of his alleged ties with Russia President Vladimir Putin.

Sources have told ESPN that the limitations on spending -- which include a cap of around £20,000 ($26k) on travel to away matches and a £500,000 ($652k) limit on the cost of staging home games -- have led Barclays to suspend the club's credit cards for fear of breaching government rules.

https://www.espn.com/soccer/english-premier-league/story/4614088/chelsea-credit-cards-frozen-by-barclays-following-abramovich-sanctions-sources

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