Chelsea Football Club bank accounts temporarily suspended: Reports
Chelsea Football Club are facing a financial crisis after their bank accounts were reportedly frozen by Barclays following Roman Abramovich’s sanctions.
As per a report in Sky Sports, the Chelsea club also had their credit cards frozen.
The purpose for the move is reportedly because the bank needs time to assess the licence Chelsea has been given to proceed with football-related activities.
“The licence allows the club to continue with day-to-day activities but the banks don’t have the risk appetite for it,” times.co.uk quoted a source close to the club as saying.
“They’ve frozen some of the corporate credit cards. It’s put a lot more pressure on the club,” it added.
Reality bites for #CFC. I’m at Under-23s game and went to get a much needed cup of tea and a bite to eat from the bar area. On autopilot, reached for my wallet. “It’s free,” replied the employee behind the counter. #Sanctions.
— Simon Johnson (@SJohnsonSport) March 11, 2022
According to one more report by Dominic Fifield of The Athletic, it is learned that since the suspension extends to company credit cards they have currently been left unable to buy fuel for the team bus.
Chelsea will face Newcastle in their next Premier League match.
