The £2.3billion ($2.8bn) generated from the sale of Chelsea last year is still frozen in a UK bank account despite promises to deliver it to Ukraine war victims.
The £2.3billion generated from the sale of last year is still frozen in a UK bank account despite promises to deliver it to Ukraine war victims. The Athletic can reveal the licence granted by the UK government setting out the next stage in this process has a deadline of November 30, although this has been extended by joint agreement in the past and is likely to be extended yet again.
” When the Todd Boehley-Clearlake Capital consortium completed its takeover last May, the huge sum — which would make the charity one of the UK’s largest — was transferred to a bank account. However, it is still sitting there despite the ongoing war in Ukraine. Advertisement One of the factors holding up the deal is that because Abramovich is a Portuguese citizen, the UK government has involved the EU in signing off the deal for the new foundation, which means additional bureaucracy.
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