Stalemate over where Chelsea sale funds should be spentQuestion relates to wording of licences issued in May 2022
Roman Abramovich’s representatives believe the UK government changed the terms of the deal under which funds from the sale of Chelsea were to be used to help victims of the war in Ukraine.
Almost 17 months after Chelsea’s £2.5bn sale, a stalemate over where the funds should be spent means a proposed charitable foundation is yet to be established and proceeds remain frozen in a UK bank account belonging to Abramovich’s company Fordstam.
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