Indian Express | 12/03/2022 08:59 AM | Click to read full article
Chelsea Football Club are facing a financial crisis after their bank accounts were reportedly frozen by Barclays following Roman Abramovich’s sanctions. According to a report in Sky Sports, the London-based club also had their credit cards frozen.
“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.