The Premier League’s decision prevents Abramovich from being able to effectively direct the Chelsea and forces the sale of the club to another owner. It comes two days after the league awarded the Chelsea a license to continue operating under heavy restrictions.
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The British government made small adjustments to the license of the Chelsea. The club can spend up to £900,000 on gaming operations costs and will have access to cash prizes. Restrictions on ticket sales and travel budgets remain the same.
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According to the British press, Abramovich and the Raine Group, the investment bank that will oversee the process of selling the Chelseagave until March 18 for interested parties to submit their proposals.
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And according to the Premier League statement, Saturday’s decision does not impact the club’s ability to train and play its games. the license of Chelsea expires on May 31 of this year.
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