Chelsea Football Club: Sales

(asked on 27th April 2023) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, when charities in Ukraine are expected to receive the £2.3 billion from Roman Abramovich's sale of Chelsea.

Answered by
Leo Docherty Portrait
Leo Docherty
Parliamentary Under-Secretary (Foreign, Commonwealth and Development Office)
This question was answered on 3rd May 2023

The proceeds from the sale of Chelsea FC are frozen in a UK bank account. They cannot be moved or used without a licence from the Office of Financial Sanctions Implementation. Humanitarian experts outside of Government are responsible for the highly complex process to establish a foundation to manage and distribute the proceeds for humanitarian purposes in Ukraine. Setting up an organisation of this scale rightly takes time.

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