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Surging Treasury yields expose a brutal truth: America has no margin for error on its $39 trillion debt

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After a judge ordered Trump's name be removed from the Kennedy Center, president says it will 'soon be closed, probably never to open again'

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U.S. says deals with Iran for safe Hormuz transit are prohibited
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U.K.’s Premier League bans Abramovich from running Chelsea

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The Associated Press
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March 12, 2022, 9:16 AM ET

LONDON — The Premier League is banning Roman Abramovich from running Chelsea after the club owner was sanctioned by the British government over Russia’s war on Ukraine.

The league board’s decision Saturday to disqualify the Russian oligarch from being a director ends his 19 years in control of the west London club but does not directly affect the players.

The team is able to continue operating under the terms of a license issued by the British government when it froze Abramovich’s assets on Thursday while imposing sanctions against.

“The board’s decision does not impact on the club’s ability to train and play its fixtures, as set out under the terms of a licence issued by the government which expires on 31 May 2022,” the league said.

The Russian oligarch has owned Chelsea since 2003.

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