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Rachel Reeves threatens to sue Roman Abramovich over Chelsea FC sale proceeds
- UK Chancellor Rachel Reeves threatened legal action against Roman Abramovich over £2.5 billion frozen proceeds from Chelsea FC's 2022 sale.
- The funds froze due to Abramovich's UK sanctions after Russia invaded Ukraine in February 2022, causing dispute over their humanitarian use.
- Abramovich sold Chelsea to an American group with a pledge to aid war victims, but the government insists proceeds must benefit Ukraine specifically.
- Reeves and Foreign Secretary Lammy expressed deep frustration, stating they remain open to negotiation but will pursue court action if necessary.
- The UK government aims to ensure the frozen funds are released quickly to support humanitarian causes in Ukraine despite ongoing negotiation deadlock.
109 Articles
109 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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