Why Roman Abramovich is still allowed to fund Chelsea amid takeover despite government sanctions

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Chelsea’s cashflow fears have eased after the government amended the terms of the club’s special licence so the Roman Abramovich-owned parent company Fordstam can transfer £30million to cover operating costs.

Last night the Department for Digital, Culture, Media and Sports (DCMS) released a statement saying that rules around ticket sales would be relaxed, allowing away fans to attend Stamford Bridge and for Chelsea supporters to attend away games, but omitted another change within the licence that specifies Fordstam can “pay the club up to £30,000,000 in respect of cashflow or liquidity issues.”

That will ease concerns within the club as they await an update from the Raine Group around the selling process. Several prospective buyers were expecting to hear an update from the New York-based bank on Monday but as of Wednesday night were still in the dark. An update could arrive today.

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Confirming the ticketing changes which will see money ordinarily intended for Chelsea go to the Premier League, sports minister Nigel Huddleston said: “The government has today made alterations to the licence to Chelsea football club so that fans will be able to access tickets to away matches, cup games and women’s fixtures.

“I would like to thank fans for their patience while we have engaged with the football authorities to make this possible. Since Roman Abramovich was added to the UK’s sanctions list for his links to Vladimir Putin we have worked extensively to ensure the club can continue to play football while ensuring the sanctions regime continues to be enforced.”

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