CHELSEA sponsors Hyundai and Zapp could join Three in pulling out of their deals after club owner Roman Abramovich was sanctioned.
Abramovich had his assets frozen by the UK government due to his close ties to Russian president Vladimir Putin.
Abramovich has been sanctioned by the UK government Credit: AFP
The Russian has had his assets frozen, including Chelsea, and he will now not be able to sell the club Credit: REUTERS
Three have pulled their £40m-a-year sponsorship Credit: GETTY The Blues have been blocked from selling home and away match tickets and merchandise sales have also been halted as a result of the sanctions.
The club lost their £40million-a-year sponsorship deal with telecommunications company Three.
Official Chelsea partners Zapp are also reviewing their partnership with the club.
Hyundai also shared the following statement: “Hyundai has become one of the strongest partners in football over the years and the company supports the sport to be a force for good. We are currently assessing the situation with Chelsea.”
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Chelsea face points deduction if they go into administration The club’s deal with Hyundai is worth £50m whereas the arrangement with Three comes up to £120m in total, which means the west Londoners are facing a loss worth up to £170m.
Chelsea could also face a nine-point penalty IF the club end up in administration as a result of a lack of income.
Were they hit with that punishment today, they would drop to seventh in the Premier League table with Arsenal and Manchester United moving up into the Champions League spots.
The Blues are five points above the Gunners and six points above fifth-placed United.
It comes as:
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Should points margins stay the same between now and the end of the season, both West Ham and Tottenham could also leapfrog Chelsea in the table.
According to the Daily Mail’s Rob Draper, the sanctions will be reviewed in May.
Chelsea’s travel for away games could also be affected.
The club only allowed to spend £20,000 on travel for away matches.
That throws their trip to Lille in the Champions League into major doubt.
Chelsea beat the French side 2-0 in the first leg of their last-16 showdown in February, with the second leg on Wednesday night.
The club would ordinarily fly out on a private plane the day before the match and stay in a luxury hotel.
However, that is likely to breach the £20,000 budget laid out in the ‘Russian regulations.’
Source: Soccer - thesun.co.uk
