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UK Freezes Bank Account Of Abramovich’s Chelsea

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UK Freezes Bank Account Of Abramovich's Chelsea

There is more trouble for Chelsea owned by Roman Abramovich as the United Kingdom government has frozen the bank account of the club.

Abramovich has been subjected to sanctions over his relationship with Russia President Vladimir Putin as he continues to wage his war in Ukraine.

Though the Blues have been given a special licence to continue with football related activities, a proposed sale of the club has been put on hold.

The special licence expires on May 31 2022, but HM Treasury may vary, revoke or suspend this licence at any time.

However, the club’s bank accounts have now been frozen, leaving the club facing ‘financial paralysis’.

Despite the licence allowing Chelsea’s day-to-day activities to continue, several of the club’s corporate accounts, including credit cards’ have been frozen.

READ ALSO: UK Seizes Chelsea From Roman Abramovich

This is due to banks being ‘risk-averse’.

A source said: “The licence allows the club to continue with day-to-day activities but the banks don’t have the risk appetite for it.

“They’ve frozen some of the corporate credit cards. It puts a lot more pressure on the club.”

 

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Obasanjo Shines, Scores Hat-trick As BBHS Mark 100 Years

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Obasanjo Shines, Scores Hat-trick As BBHS Mark 100 Years

By John Michael Ojo
It was a moment of joy yesterday in Ogun State as former President Olusegun Obasanjo, captained the football team of Baptist Boy High School, Abeokuta the state capital to a glorious victory in  a novelty match as part of the activities lined up to mark  the 100th anniversary of the college.

As a former student of the college, Obasanjo who toed the path of contemporary European stars like Messi, Ronaldo, Mbappe and Neymar in the match, was the star attraction for spectators, many of whom are also former students of the school.

READ ALSO: Why Nobody Can Stop Me From Supporting Obi – Obasanjo

The encounter which saw the old students battle it out with former teachers of the college ended in a 3-0 victory in favour of the old students with all three goals coming from the former president.

Among the high-profile old students present at the event are Bukola Olopade, a former Sports Commissioner in Ogun State; and Hakeem Akintunde, who is the Chairman of the Sports Writers Association of Nigeria (SWAN) in the state.

 

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Everton Fires Frank Lampard

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Everton Fires Frank Lampard

By John Michael Ojo
Relegation threatened Premier League side, Everton has relieved its manager, Frank Lampard of his role as the club’s head coach.

Frank Lampard, a former Chelsea midfielder and coach was sacked on Monday after an agreement was reached by Everton’s board, following a run of poor performances recorded under the tenure of the former British star.

With only three wins so far this season in the Premier League, Everton currently sits in 19th place with 15 points after 20 games played.

READ ALSO: Chelsea Fires Lampard

The news of his sack, was convened to him by Farhad Moshiri, the club’s major shareholder through a telephone call after a 357-day spell in charge of the club.

There have been wide speculations over his sack after Everton’s 2-0 loss to West Ham, with Lampard reportedly in a meeting with Moshiri, Chairman Bill Kenwright and Everton’s Director of Football, Kevin Thelwell.

Frank Lampard took over at Goodison with Everton 16th in the table, six points above the relegation zone.

Everton had 10 defeats in the remaining 18 games of the season, but secured their survival with a 3-2 comeback victory against Crystal Palace on what Lampard called “one of the greatest nights” of his career.

He won only 12 of his 44 matches in charge in all competitions, a win percentage of 27.27 that is far worse than his record at Derby (42.1%) and Chelsea (52.4%).

 

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Usain Bolt Loses $12 Million Life Savings To Fraudsters

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Usain Bolt Loses $12 Million Life-saving To Fraudsters

By John Michael Ojo
World’s fastest man, Usain Bolt, has reportedly lost millions of his life savings after hackers gained access to his account with Stocks and Securities Ltd, an investment company based in Kingston.

This was disclosed on Wednesday by the Jamaican sprinter’s lawyer,  Linton P. Gordon, who said they are prepared to file a lawsuit if that will make it possible to recover the $12 million that mysteriously disappeared from Bolt’s account.

According to him, “The account was part of Bolt’s retirement and lifetime savings.

“It’s distressing news for anyone, and certainly in the case of Mr Bolt, who established this account as part of his private pension.

READ ALSO: Karim Benzema Retires From International Football

“We will be going to court with the matter, if the company does not return the funds.”

“It is a grave disappointment, and we are hoping that the matter will be resolved in a way that Mr Bolt will recover his money and be able to live in peace,” he added.

 

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