Roman Abramovich's row with UK Government over Chelsea sale funds takes new twistThe £2.35billion Roman Abramovich made from the sale of Chelsea in 2022 is still frozen in a bank account, with the Russian billionaire and the UK Government in deadlockView 2 Images Roman Abramovich sold Chelsea in 2022 (Image: Getty Images)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. ‌UK Foreign Secretary Yvette Cooper said in response to the Abramovich letter: “This money was promised to Ukraine over three years ago. View 2 Images The money from Roman Abramovich's sale of Chelsea is still frozen in a bank account (Image: Getty Images)‌The Fordstam accounts appear to indicate that the net proceeds of the Chelsea sale would actually be £987million, taking into account the repayment of a £1.4bn loan to Camberley.

Source: Daily Mirror March 11, 2026 12:47 UTC