Sports News | Rich FIE President with Everton FC Link, Alisher Usmanov, Has Assets Frozen
Get latest articles and stories on Sports at LatestLY. Alisher Usmanov, who has sponsorship links to Everton, has had his assets frozen as part of sanctions imposed by the European Union in response to Russia's invasion of Ukraine.
London, Mar 1 (AP) Alisher Usmanov, who has sponsorship links to Everton, has had his assets frozen as part of sanctions imposed by the European Union in response to Russia's invasion of Ukraine.
The Uzbek-born billionaire's USM Holdings sponsors Everton's training ground, with an initial five-year deal announced in 2017.
Also Read | Manchester United Reportedly Begin 'Thorough Process' To Sign New Manager for Next Season.
It also has an option on naming rights for the Toffees' new stadium - a deal worth 30 million pound sterling (40.2 million USD) to the club.
The EU said in a statement that its Council had "added 26 persons and one entity to the list of persons, entities and bodies subject to restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine".
And a regulation update in the Official Journal of the European Union said Usmanov, a long-time business partner of Everton owner Farhad Moshiri, was among the 26.
The statement said restrictive measures included "an asset freeze and a prohibition from making funds available to the listed individuals and entities", while "a travel ban applicable to the listed persons prevents these from entering or transiting through EU territory".
The regulation update describes Usmanov as a "pro-Kremlin oligarch with particularly close ties to Russian president Vladimir Putin". (AP)
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)