Mar 9 • 16:11 UTC 🇵🇱 Poland Rzeczpospolita

Abramovich vs. Downing Street. Dispute over money from the sale of Chelsea

Roman Abramovich's lawyers have warned the UK government that their client will fight any attempts to seize £2.5 billion from the sale of Chelsea FC.

Roman Abramovich's lawyers have alerted the UK government about their intention to contest any measures aimed at reclaiming the £2.5 billion obtained from the sale of Chelsea Football Club. Abramovich is under sanctions imposed by the UK government, which have restricted his access and dealings within the country, asserting that the proceeds from the sale rightfully belong to him.

The turmoil began when the UK government sanctioned Abramovich on March 10, 2022, alongside several other wealthy Russians due to the geopolitical situation at the time. These sanctions led to a prohibition on entering the UK, the revocation of his investor visa, and the freezing of his assets. As a result, the English Premier League removed him from any managerial role within Chelsea FC, a club he had owned since 2003. This situation precipitated the necessity for an expedited sale of the club, which was subsequently handed over to a charitable foundation under Abramovich’s guidance.

Following the sale, the UK government approved the licensing for the transaction but stipulated that Abramovich would not benefit from the proceeds, complicating his legal battle. The ramifications of this conflict are significant, not only for Abramovich and his financial interests but also for international relations and the legal precedents regarding asset seizures tied to sanctions. This ongoing dispute could influence further actions by the UK government and shape the future for high-profile individuals under similar sanctions.

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