Chelsea Football Club: Sales

(asked on 9th May 2024) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask His Majesty's Government whether they intend to use proceeds from the sale of Chelsea Football Club to help fund the creation of an international tribunal for crimes against international humanitarian law in Ukraine.


Answered by
 Portrait
Lord Ahmad of Wimbledon
Minister of State (Foreign, Commonwealth and Development Office)
This question was answered on 23rd May 2024

The proceeds are not held by the UK Government. They are currently frozen in a UK bank account. In a statement announcing the sale, Roman Abramovich stated the proceeds would be donated to a new charitable foundation. A licence from the Office of Financial Sanctions Implementation will be needed to move the funds to the foundation, once established. We will only issue a licence which ensures the proceeds are used for humanitarian purposes in Ukraine. Separately, we continue to engage in the Core Group established to explore options for a special tribunal on the crime of aggression.

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