Idman.biz
Lawyers for Russian businessman Roman Abramovich have informed the British government that the proceeds from the sale of the Chelsea football club in 2022 belong entirely to him.
According to Idman.Biz, citing The Athletic, Abramovich is ready to fight against attempts to confiscate these funds.
The £2.35 billion (€2.7 billion) raised from the club's sale in May 2022 is frozen in a UK bank account belonging to a company wholly owned by Abramovich. This is happening against the backdrop of a long-running dispute over how the money will be spent on aid to Ukraine.
After the sale of Chelsea, Abramovich and the British government have been unable to agree on how the funds will be spent. Recent financial statements show that £1.4 billion of the £2.35 billion is owed to Abramovich's company. This raises questions about whether the entire £2.35 billion will go to charity, as the £1.4 billion is money Abramovich lent to the club during his ownership.
According to the source, the £1.4 billion loan remains linked to an ongoing criminal investigation in Jersey into the source of Abramovich's funds. As long as the investigation and trial are ongoing, these funds cannot be transferred to any charity.
