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Abramovich's lawyers say he will fight any UK attempt to seize Chelsea sale money
- On Monday, Roman Abramovich's lawyers warned they would fight any attempt to seize the 2.5 billion pounds from the sale of Chelsea, saying the funds are wholly owned by their client.
- Nearly four years after the rushed 2022 sale, Abramovich's proposal to donate proceeds remains frozen in a British bank account due to sanctions after Russia's full-scale invasion.
- Britain wants the money spent only in Ukraine as part of a wider European push, while Abramovich seeks more flexibility and his lawyers blamed government restrictions and 'politically charged and highly publicised statements'.
- The government warned last year Abramovich must release the cash or face court, and Prime Minister Keir Starmer said in December 'the clock is ticking'; Abramovich's lawyers said they will contest formal confiscation proceedings.
- A resolution will decide whether proceeds fund Ukraine's reconstruction and shape enforcement of sanctions following Russia's invasion.
19 Articles
19 Articles
Russian Billionaire Abramovich Seeks Frozen Chelsea Funds to Support Wounded Russian Soldiers and go
Sanctioned Russian billionaire Roman Abramovich wants part of the billions generated from the sale of Chelsea Football Club to be used to support all victims of the war in Ukraine. This includes wounded Russian soldiers, The New York Times (NYT) reported on March 9. At the center of the ongoing standoff is £2.35 billion ($3.14 billion) from the 2022 sale of the London club. The massive sum remains locked in a UK bank account held by Fordstam Ltd…
Abramovich challenged London: The money from the sale of Chelsea will go to the Russian military
Roman Abramovich intends to independently dispose of the money from the sale of Chelsea, including sending part of the funds to support wounded Russian servicemen. This is reported by The Athletic, the sports edition of The New York Times…
Abramovich's lawyers say he will fight any UK attempt to seize Chelsea sale money
LONDON, March 9 : Lawyers for Russian businessman Roman Abramovich warned the British government on Monday that he would fight any attempt to seize the 2.5 billion pounds ($3.34 billion) from the sale of Chelsea soccer club, saying the money belongs to him.The British government sanctioned Abramovich in a cra
The Independent
The Independent (US)Roman Abramovich lawyers insist £2.5bn from Chelsea sale is still his
In the escalating row over the £2.5bn the Russian oligarch has promised to give to the victims of the Ukrainian war, The Independent has seen a legal letter blaming Keir Starmer’s government for the hold up
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