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OFSI’s Chelsea-related General Licence amended Saturday

From the Publication Notice, here are the changes:

On 12 March 2022, General Licence INT/2022/1327076 was updated to clarify that:
1. Under permission 4.1, the Club may pay remuneration, allowances and pensions to agency workers, temporary workers and contractors.
2. Under permission 4.5, the Club may continue to pay for utilities and IT services related to the ongoing maintenance of the Club, as well as continue to pay for ongoing capital works commenced prior to 10 March 2022.
3. Under permission 5, the Club may pay for reasonable costs necessary for hosting fixtures at its home grounds, not exceeding £900,000 per fixture per Club Team. These costs may include, but are not limited to:
i. Safety management
ii. Premises/Structure management
iii. Provision of medical services
iv. Crowd management and safety, security, and counter-terrorism
v. Policing
vi. Zone Ex management and traffic management
vii. Provision, management, and safety of utilities
viii. Necessary equipment hire
ix. Provision of services to staff, including contractors and temporary staff, involved in the provision of the activities in [above bullets] including subsistence, personal protective equipment, and parking.
x. Under this permission the cap for such costs was increased from £500,000 to £900,000.
4. Relevant bodies may pay the Club prize money.
5. The Club may receive revenues collected under paragraphs 5, 7, 8.1 and 8.2 of the Licence, which must then be frozen.
6. Relevant institutions, including banking and financial service providers, may process or accept payments in accordance with paragraphs 4 to 8 of the Licence.

On 12 March 2022, General Licence INT/2022/1327076 was updated to include further permissions to allow:

  1. The Club to continue to pay providers of employment benefits for current and former employees of the Club (including private health insurance providers) where the Club has an
    obligation which existed before 10 March 2022 to provide such benefits to its current and former employees.
  2. The Club to pay reasonable expenses to the families of Academy Players and families providing accommodation to Academy Players, in line with Premier League Youth Development rules.
  3. The Club to pay third parties in respect to prior obligations, including contracts signed before 10 March 2022 and in respect to legal decisions prior to 10 March 2022, except where those obligations are to any designated person.
  4. People present at a fixture to purchase refreshments at fixtures.
  5. The Club to process refunds and chargebacks to customers in respect to any payments made
    to the Club under this licence.
  6. Tenants or leaseholders in property owned by the Club, or guests in hotels owned by the
    Club can continue to make regular payments that fall due under agreements entered into before 10 March 2022. These include service charges, rent, property fees, utility fees and hotel invoices.
  7. The Club may pay relevant service providers in respect to property owned by the Club, including utility providers and other contractors providing services to tenants, leaseholders, or guests at hotels

Links:

General Licence INT/2022/1327076, Publication Notice

Categories: Licenses OFSI Updates Russia sanctions

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