Roman Abramovich ready to fight UK government over proceeds from £2.5bn Chelsea sale

The Guardian - World NewsCenter-LeftEN 2 min read 100% complete by Rob DaviesMarch 9, 2026 at 04:23 PM

AI Summary

medium article 2 min

Roman Abramovich is challenging the UK government over the £2.5 billion from the Chelsea FC sale, which has been frozen in a UK bank account since 2022 due to sanctions imposed following Russia's invasion of Ukraine. While the UK government insists the funds be solely used for Ukrainian victims, Abramovich seeks more flexibility in allocating the money, potentially including Russian recipients. Abramovich's lawyers maintain that the funds are still his and accuse the UK government of punitive measures. The UK government has warned Abramovich to release the funds or face legal action, emphasizing that the money was promised to Ukraine. Abramovich's lawyers have stated they will contest any formal confiscation proceedings in court.

Key Entities & Roles

Key Player Opposition Context

Yvette Cooper 30% Moscow 30% European Union 35% Kobre & Kim 40% Fordstam Ltd 45% Todd Boehly 50% Vladimir Putin 60% Ukraine ×370% Chelsea FC ×275% UK ×585% Roman Abramovich ×895%

Keywords

roman abramovich 100% uk government 90% chelsea sale proceeds 90% sanctions 80% ukraine 80% asset freezing 70% legal dispute 60% charitable donation 50% fordstam ltd 40%