Alisher Usmanov: Everton investor’s assets frozen over ties to Vladimir Putin

Usmanov’s USM Holdings sponsors Everton’s training ground and has an option on naming rights for the Toffees’ new stadium

Sports Staff
Tuesday 01 March 2022 05:52 EST
Comments
The Uzbek-born billionaire’s USM Holdings sponsors Everton’s training ground
The Uzbek-born billionaire’s USM Holdings sponsors Everton’s training ground (AFP via Getty Images)

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

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.

It also has an option on naming rights for the Toffees’ new stadium - a deal worth £30million 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”.

It adds: “He has been referred to as one of Vladimir Putin’s favourite oligarchs. He is considered to be one of Russia’s businessmen-officials, who were entrusted with servicing financial flows, but their positions depend on the will of the president.”

Everton have been contacted for comment.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in