The sale of Chelsea has been halted as the UK government sanctioned Roman Abramovich.
Abramovich alongside six other individuals – is the subject of a full asset freeze and travel ban, preventing the Russian international from selling Chelsea on his terms.
Reports by newsmen has it that the club could still be sold if Abramovich handed over the process to the UK Government, however, he would not receive proceeds from the sale.
The reason for the government's action is detailed on a document entitled consolidated list of financial sanctions targets in the UK.
A statement by the UK gocernment has it that Abramovich had been sanctioned alongside six others.
Below is the list of those sanctioned:
Roman Abramovich owner of Chelsea FC and has stakes in steel giant Evraz and Norilsk Nickel
Oleg Deripaska has stakes in En+ Group
Igor Sechin is the Chief Executive of Rosneft
Andrey Kostin is Chairman of VTB bank
Alexei Miller is CEO of energy company Gazprom
Nikolai Tokarev is president of the Russia state-owned pipeline company Transneft
Dmitri Lebedev is Chairman of the Board of Directors of Bank Rossiya"
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