Chelsea Football Club: Sales

(asked on 23rd May 2023) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, if he will make it his policy to allow proceeds from the sale of Chelsea Football Club to be made available to UK charities for humanitarian purposes in Ukraine.


Answered by
Leo Docherty Portrait
Leo Docherty
This question was answered on 26th May 2023

In a statement announcing the sale of Chelsea FC and in subsequent statements, Mr Abramovich stated that a charitable foundation would be set up, where all net proceeds from the sale would be donated. Humanitarian experts outside of Government are now responsible for the highly complex process to establish this foundation to manage and distribute the proceeds for humanitarian purposes in Ukraine. The proceeds are currently frozen in a UK bank account. Any movement of the proceeds requires a licence from the Office of Financial Sanctions Implementation.

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