US EditionRachel Reeves threatens to sue Roman Abramovich over Chelsea FC sale proceeds
- Rachel Reeves, UK Chancellor, threatened to sue Roman Abramovich over frozen proceeds from Chelsea FC's 2022 sale held in a UK bank.
- The approximately £2.5 billion in funds have been frozen following UK government sanctions on Abramovich enacted after Russia launched its major military offensive in Ukraine early in 2022.
- In May 2022, Abramovich sold Chelsea FC to a consortium led by Americans under a special license that prevented him from gaining financially, committing the sale’s proceeds to support humanitarian efforts related to the conflict in Ukraine.
- Chancellor Reeves and Foreign Secretary Lammy expressed their strong disappointment over the stalled negotiations and affirmed their readiness to take legal action if necessary.
- The UK government aims to ensure the frozen sale proceeds support humanitarian causes in Ukraine and continues talks while demanding a political decision to finalize an agreement.
108 Articles
108 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.
Coverage Details
Bias Distribution
- 43% of the sources lean Left
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
