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Rachel Reeves threatens to sue Roman Abramovich over Chelsea FC sale proceeds
- In 2025, UK government officials, including the Chancellor and the Foreign Secretary, threatened legal proceedings against Roman Abramovich concerning the £2.5 billion from the Chelsea FC sale that remains frozen, aiming to secure the funds for humanitarian aid related to the Ukraine conflict.
- This dispute arose after Abramovich was sanctioned following Russia’s extensive military action in Ukraine in early 2022, resulting in the freezing of the sale proceeds amid conflicting views on how the funds should be allocated.
- Abramovich wants the funds to aid all war victims, while the UK government insists the money support humanitarian efforts in Ukraine, keeping negotiations open despite frustration.
- The Chelsea sale in March 2022 for over $3.3 billion resulted in proceeds frozen in a UK bank, with Abramsovich barred from access under sanctions and the UK seeking to redirect funds legally.
- If no agreement emerges soon, UK officials plan court proceedings to ensure the frozen funds aid Ukrainians, reflecting ongoing political urgency amid aid budget reductions.
106 Articles
106 Articles
Anadolu Ajansı
milletnews.comUK threatens to sue Russian businessman Abramovich over sale of Chelsea Football Club
'While door for negotiations will remain open, we are fully prepared to pursue this through courts if required,' UK Foreign Secretary Lammy, Chancellor Reeves say in joint statement - Anadolu Ajansı
The United Kingdom has threatened to bring to court former Chelsea FC president Roman Abramovich if he does not allocate £2.5 billion from the sale of the London club to humanitarian aid in Ukraine.
The British government has threatened to sue sanctioned Russian billionaire Roman Abramovich over the proceeds from the sale of Chelsea FC. Two and a half billion pounds (73.7 billion crowns) from the sale remain frozen in a British bank. The British government is demanding that the money go to humanitarian aid for Russia-invaded Ukraine, but Abramovich reiterates that it should go to “all victims of the war in Ukraine.”
The British government is "deeply frustrated" because there is still no agreement with the multi-millionaire, who suggested that the money for the club's sale was also used for the benefit of Russian victims.
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