Source: REUTERS/DYLAN MARTINEZ
[Saba Sports News] The European Court of Justice recently announced
that former Chelsea owner Roman Abramovich has lost his case, and the European
Union (EU) sanctions against him will remain in effect. The court ruling
highlights Abramovich’s involvement in the Russian company Evraz, particularly
in its steel manufacturing and mining operations, which are considered
significant revenue sources for the Russian government. The EU contends that
Abramovich’s economic activities contribute to the Russian government’s
financial gains from actions against Ukraine. As a result, Abramovich was
sanctioned by the EU last year, leading to the freezing of his assets in the
United Kingdom and his subsequent sale of Chelsea Football Club. In May of the
same year, the consortium led by Burley acquired Chelsea Club for £2.5 billion,
along with a committed investment of £1.75 billion. The £2.5 billion used for
purchasing Chelsea shares is currently held in a British account that has been
frozen by the UK government. The report raises the question of what fans think
about this development.