US EditionPublished • loading... • Updated
UK Government to Take ‘Further Steps’ Against Abramovich for Failing to Hand over Money From Chelsea
The UK government plans legal action after Roman Abramovich missed the March 17 deadline to transfer £2.5 billion from Chelsea sale for Ukraine war aid.
- On Tuesday, the British government announced it will take 'further steps' to ensure Roman Abramovich releases £2.5 billion pledged from the 2022 sale of Chelsea.
- Abramovich was sanctioned by the Boris Johnson government following Russia's 2022 invasion of Ukraine, forcing him to sell his stake in Chelsea to a consortium led by Todd Boehly and Clearlake Capital.
- Sir Keir Starmer announced in mid-December that the Treasury would issue a licence for the funds to aid Ukraine, warning the Russian businessman he had 90 days to comply before facing legal action.
- Having missed the March 17 deadline, Abramovich now faces a potential court case after government officials confirmed they have written to his lawyers to warn them of the impending legal proceedings.
- A government spokesperson stated, 'We gave Roman Abramovich his last chance to do the right thing,' noting that the funds were earmarked for victims of the war in Ukraine.
Insights by Ground AI
16 Articles
16 Articles
Associated Press News+6 Reposted by 6 other sources
UK government to take 'further steps' against Abramovich for failing to hand over money from Chelsea
The British government says it will take “further steps” to ensure Roman Abramovich releases the 2.5 billion pounds he pledged to donate from the sale of Premier League soccer giant Chelsea in 2022.
·United States
Read Full Article
Sky News UK+2 Reposted by 2 other sources
Government prepares to sue Roman Abramovich after he missed deadline to release £2.5bn from Chelsea sale
The businessman was sanctioned by Boris Johnson's Tory government due to his alleged links to Vladimir Putin after Russia invaded Ukraine in 2022.
·United Kingdom
Read Full Article
The UK government's preparing a possible court case against former Chelsea owner Roman Abramovich.
It's after he missed a deadline to release 2 and a half billion pounds he raised from the sale of the club. Sir Keir Starmer announced in mid-December that the Treasury was issuing a licence for the transfer of the frozen funds to a foundation for aid in Ukraine.
Coverage Details
Total News Sources16
Leaning Left4Leaning Right3Center4Last UpdatedBias Distribution37% Left, 36% Center
Bias Distribution
- 37% of the sources lean Left, 36% of the sources are Center
37% Left
L 37%
C 36%
R 27%
Factuality
To view factuality data please Upgrade to Premium
