Abramovich's money from the sale of Chelsea may soon go to victims of the war in Ukraine
It took so long to finalize the formalities because Britain has had three governments since then
The 2.35 billion pounds ($2.9 billion) Roman Abramovich's company received from the forced sale of Chelsea football club may be used, as planned, to help programs to help victims of the war in Ukraine a year after the sale.
Source. This was reported by the British newspaper Times.
Next week marks the one-year anniversary of the sale of the London football club by a russian billionaire, and a specially established foundation hopes that by then all formalities will finally be settled and it will receive the proceeds.
"We believe we are already in the final stages. Next week marks the one-year anniversary, and we hope that all legal issues will be resolved by then," said Mike Penrose, the foundation's chairman and former director of Unicef's British office.
The British authorities consider Roman Abramovich to be a person close to the kremlin and imposed sanctions on him after russia's invasion of Ukraine. He was only allowed to sell Chelsea on the condition that the money would go to help the war victims.
The 2.35 billion pounds are frozen in the account of Abramovich's firm Fordstam, and consent is needed to transfer the money to the foundation headed by Penrose.
Mike Penrose explains that the formalities took so long to settle, in part, because three governments have changed in Britain during this time.
"But now everything is ready, and we are just waiting. I am confident that the agreement will be fulfilled. We have a world-class board in place and several preliminary programs in place related to health, housing, education and agriculture, so we can start working very quickly," Penrose said.
Background. Earlier, Bloomberg reported that the UK froze $2.9 billion sent by Abramovich to the victims of the war in Ukraine.
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