Updated News Around the World

Chelsea backed by major sponsor despite Roman Abramovich crisis

Nike remains fully committed to its partnership with Chelsea in spite of the government sanctions handed down to Roman Abramovich on Thursday, according to reports. The Blues appear to be facing an uncertain future after the 55-year-old, who has owned the club since 2003, saw his assets frozen in the wake of Russia’s invasion of Ukraine.

The sanctions have left Chelsea unable to sell match-day tickets, merchandise or renegotiate contracts due to the new measures, which have left supporters unable to attend games unless they are season ticket holders.

The European champions will also be forced to spend no more than £20,000 on travel to away matches as part of their ‘licence’ to continue operating as a club.

Chelsea were ditched by shirt sponsor Three in the wake of Thursday’s news, with the telecom brand quickly moving to suspend its deal with the Blues as a result of their current situation.

It went from bad to worse on Friday, though, when the club’s own bank accounts were frozen to leave them with a potentially crippling financial issue to add to their existing problems.

However, The Athletic have reported that Nike has already decided to continue its partnership with Chelsea for the foreseeable future in spite of the ongoing saga.

The Blues signed a 15-year kit deal with Nike back in 2016, which is estimated to be worth around £60million each season.

MORE TO FOLLOW

We’ll be bringing you the very latest updates, pictures and video on this breaking news story.
Stay up to date with all the big headlines, pictures, analysis, opinion and video on the stories that matter to you.
Follow us on Twitter @DExpress_Sport – the official Daily Express & Express.co.uk Twitter account – providing real news in real time.
We’re also on Facebook offering your must-see news, features, videos and pictures throughout the day to like, comment and share from the Daily Express, Sunday Express and Express.co.uk.

For all the latest Sports News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! NewsUpdate is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.