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Chelsea's bank account 'has been temporarily suspended' following Abramovich being sanctioned

  /  autty

Chelsea's bank account with Barclays has reportedly been suspended after owner Roman Abramovich was sanctioned.

Sky Sports claim the bank has taken the action because it needs time to evaluate the licence handed to the club by the UK government to continue football-related activities in the wake of the Russian billionaire being sanctioned.

The report claims the Blues remain hopeful Barclays will soon lift their suspension of their account.

The west London club are currently operating under a government-approved special licence.

It came after Abramovich had his assets frozen, as well as seeing 'a prohibition on transactions with UK individuals and businesses, a travel ban and transport sanctions' imposed on him.

The licence also currently prohibits Chelsea from seeking a sale, but the government have indicated they would be prepared to alter the terms to permit a sale if they receive an application from the club.

Under a wide-ranging raft of restrictions, Chelsea were left unable to sell match tickets, forced to close the club shop and blocked from taking bookings for the Stamford Bridge hotel.

They were told they can no longer buy or sell players, or offer new contracts, and were restricted to a maximum spend of £20,000 on travel to away matches.

They were informed that they can only pay 'reasonable costs' towards hosting home fixtures, 'not exceeding £500,000 per fixture, per team'.

But there is a view the limits on transport and hosting matches will need to be raised to stop the club losing money.

Chelsea will continue to receive TV broadcast payments and prize money, but this will be frozen. Existing staff and players will continue to be paid.

The club will also ask for clarity over contracts, with a number of star players' deals due to expire at the end of the season.

As it stands, Chelsea cannot renew any contracts - meaning defenders Antonio Rudiger, Andreas Christensen and Cesar Azpilicueta will leave in the summer.

Related: Chelsea