UK raises threat of law enforcement over Abramovich's $3.2 bln Chelsea sale

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Updated Tue, Mar 11, 2025, 8:30 AM

STORY: Britain has indicated that a prosecution oregon different ineligible enactment could beryllium brought implicit the frozen $3.2 cardinal from Russian businessman Roman Abramovich's merchantability of Chelsea shot club.

The UK authorities sanctioned Abramovich successful a crackdown connected Russian oligarchs pursuing Moscow's penetration of Ukraine.

That triggered a rushed merchantability of the Premier League nine successful 2022.

And the freezing of the proceeds nether obscure terms.

Three years on, the wealth is yet to beryllium disbursed during a enactment implicit its distribution.

Britain wants the wealth spent lone successful Ukraine successful enactment with a wider European propulsion for Moscow to ft the measure for the demolition and deaths.

Abramovich wants much flexibility and for the wealth to spell to each victims.

Asked by Reuters to supply a cardinal papers with the Chelsea merchantability terms, the UK authorities said it could not due to the fact that that whitethorn interfere with, quote, "law enforcement".

It was unclear who mightiness beryllium nether suspicion oregon what imaginable wrongdoing was involved.

Abramovich has denied having adjacent ties to Russian President Vladimir Putin.

And his ineligible representatives said determination were nary cases against him successful the UK.

Chelsea enjoyed the astir palmy tally successful the club's past nether Abramovich.

The nine was sold to a consortium led by U.S. capitalist Todd Boehly and backstage equity steadfast Clearlake Capital successful 2022.