Chelsea, Abramovich and Ukraine
Digest more
Chelsea owner Roman Abramovich to release frozen proceeds from the club's sale to help Ukraine, while he lives a secretive life in Turkey
Former Chelsea soccer club owner Roman Abramovich faces a legal showdown with the U.K. over $3 billion in frozen assets that the government claims must be spent on victims of Russia's war in Ukraine.
Former Chelsea owner Abramovich had pledged to donate the proceeds from the 2022 sale to the people of Ukraine, but he has so far failed to reach an agreement with the Government on a way forward and the funds remain frozen.
Lente Desportiva on MSN
Chelsea FC billions frozen as UK issues last warning to Abramovich
The UK government is escalating pressure over the £2.5 billion Chelsea sale proceeds, signalling potential legal action if the long stalled funds are not released for humanitarian aid in Ukraine, according to reporting by The Guardian.
The government has threatened to sue the former Chelsea FC owner if he does not hand over the profits from selling the club to help Ukrainians.