Fordstam Ltd

Fordstam Ltd is the company formerly used by Russian oligarch Roman Abramovich to own Chelsea Football Club. It is now newsworthy due to potential investigations into whether the £2.5 billion proceeds from the 2022 sale of Chelsea FC, which passed through Fordstam Ltd, constitute the proceeds of crime. Jersey authorities are reportedly examining the funds. This development complicates an ongoing dispute between Abramovich and the UK government regarding the allocation of these funds, which are currently frozen due to sanctions imposed on Abramovich following Russia's invasion of Ukraine. Abramovich insists the money is his to allocate, while the UK government seeks to ensure the funds are used for charitable purposes related to the war in Ukraine. The investigation and dispute highlight the complexities of managing assets frozen under international sanctions and the ongoing debate over their ultimate disposition.