A legal fight between Roman Abramovich and the UK Government over money raised from his sale of Chelsea could be affected by a Jersey investigation into whether the money constituted “proceeds of crime”. That investigation, the accounts stated, could include proceeds from the sale of the club. The Jersey investigation could have an impact, though, on the ongoing legal battle between Abramovich and the UK Government over how the money raised from the 2022 sale - currently frozen in a UK account - is used. According to reports in multiple media outlets, Abramovich’s legal team has insisted that the money is his to allocate as he sees fit. UK Foreign Secretary Yvette Cooper said in response to the Abramovich letter: “This money was promised to Ukraine over three years ago.

Source: Irish Independent March 12, 2026 07:00 UTC