The UK government is poised to take legal action against Roman Abramovich to resolve a three-year dispute regarding £2.5 billion from Chelsea Football Club's sale, intended for humanitarian aid in Ukraine. Chancellor Rachel Reeves and Foreign Secretary David Lammy expressed frustration over stalled negotiations with Abramovich but indicated ongoing openness to discussion. The funds from the sale were promised to support victims of the Ukraine conflict, but their release hinges on the establishment of a charitable foundation, which has yet to be formalized with the Charity Commission.
The UK government aims to ensure proceeds from Chelsea's sale, totaling £2.5bn, are utilized for humanitarian efforts in Ukraine, amid ongoing negotiations with Abramovich.
Chancellor Rachel Reeves and Foreign Secretary David Lammy expressed their frustration over the inability to reach an agreement with Abramovich, emphasizing the urgency of the situation.
Despite efforts to negotiate, the government is prepared to take legal action against Abramovich to secure the funds promised for humanitarian support in Ukraine.
Abramovich's decision to sell Chelsea followed Russia's invasion of Ukraine, with the intention to direct proceeds into a foundation for war victims, which remains unestablished.
Collection
[
|
...
]