Premium
UK threatens to sue Abramovich over Chelsea sale
Chelsea football club owner Roman Abramovich. Britain has threatened to take him to court over the frozen 2.5 billion pounds ($3.4 billion) in proceeds from his sale of Chelsea football club that he wanted to go to victims of Russia's war in Ukraine.
Photo credit: File | Nation
What you need to know:
- Under Abramovich, Chelsea enjoyed the most successful run in its history before the club was sold to a consortium led by U.S. investor Todd Boehly and private equity firm Clearlake Capital in May 2022.
- Proceeds from the sale are frozen in a British bank account. They cannot be moved or used without a license from the Office of Financial Sanctions Implementation, the agency in the finance ministry that enforces sanctions.
London
Britain has threatened to take Russian businessman Roman Abramovich to court over the frozen 2.5 billion pounds ($3.4 billion) in proceeds from his sale of Chelsea football club that he wanted to go to victims of Russia's war in Ukraine.
