Chelsea Football Club: Sales

(asked on 28th February 2024) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask His Majesty's Government what steps they are taking to ensure the prompt delivery of the pledged £2.5 billion from the sale of Chelsea Football Club to support victims of Russia's invasion of Ukraine; and when they anticipate that this will happen.


Answered by
 Portrait
Lord Ahmad of Wimbledon
Minister of State (Foreign, Commonwealth and Development Office)
This question was answered on 13th March 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 are working as quickly as possible, including with our international partners, to ensure funds are released and reach Ukraine.

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