Chelsea Football Club: Sales

(asked on 22nd February 2024) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Minister of State, Foreign, Commonwealth and Development Office, what steps his Department is taking to ensure the delivery of £2.5 billion from the sale of Chelsea Football Club.


Answered by
Leo Docherty Portrait
Leo Docherty
Minister of State (Ministry of Defence) (Minister for the Armed Forces)
This question was answered on 29th February 2024

The proceeds from the sale of Chelsea FC are currently frozen in a UK bank account while independent experts establish a foundation to manage and distribute the money. A licence from the Office of Financial Sanctions Implementation will then be needed to move the funds to the foundation. We want this money to reach Ukraine as quickly as possible and remain open to any arrangement that clearly delivers this.

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