slide-icon

UK Government prepares to sue Roman Abramovich over £2.5bn Chelsea funds after missed deadline

View 2 Images

doc-content image

The UK Government have warned former Chelsea owner, Roman Abramovich , that he could be subjected to legal action after failing to release £2.5billion from the sale of the club to aid Ukraine .

Abramovich, 59, was forced to sell Chelsea in 2022 after being sanctioned following Russia's invasion of Ukraine after the government targeted oligarchs. Despite being sanctioned, he was granted a license to sell the club to a consortium, which included Todd Boehly and Behdad Eghbali , on the basis that the money was given to victims of the Ukraine war.

However, there has since been a deadlock over how and where the money should be used , while accounts published last week by Fordstam - Abramovich's company - showed they only "intend" to give £987m to charity following the repayment of interest-free loans used to fund Chelsea rather than the full sum the club were sold for.

The deadline for Abramovich to release the funds passed earlier this week - and Sky report that the Russian's legal team have now been told that the UK government are preparing possible legal action.

A government spokesperson said: "We gave Roman Abramovich his last chance to do the right thing. Once again, he has failed to make the donation he committed to.

"We will now take further steps to ensure that the promise he made at the time of the Chelsea sale is kept."

Abramovich has insisted that the funds - which are frozen in a British bank account - should be used for "all victims of the war" - meaning Russians could potentially benefit from the cash.

View 2 Images

doc-content image

Prime Minister Keir Starmer warned Abramovich that legal action would be taken if he failed to pay up in 90 days after a license permitting the release of funds to a new foundation for humanitarian causes in Ukraine was granted back in December.

He said: "Honour the commitment that you made and pay up now, and if you don't we're prepared to go to court and ensure that every penny reaches those whose lives have been torn apart by Putin's illegal war."

Content cannot be displayed without consent

Premier LeagueChelseaRoman AbramovichTodd BoehlyBehdad EghbaliTransfer RumorLegal Action