£2.35 billion ($2.9 billion) received by Roman Abramovich’s firm from the forced sale of Chelsea Football Club (London), a year after the sale, may go, as planned, to programs to help victims of the war in Ukraine.
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According to the British newspaper Times, next week it will be a year since the sale and the specially founded fund hopes that by this time all the formalities will finally be settled and he will receive the proceeds.
We believe that it is already at the final stage. It will be a year next week, and we hope that all legal issues will be resolved by this time, – said the head of the fund, former director of the UK branch of UNICEF Mike Penrose.
The British government considers Abramovich a person close to the Kremlin and has imposed sanctions on him in connection with Russia’s attack on Ukraine. He was allowed to sell Chelsea only on the condition that the money goes to help those affected by the war.
£2.35bn is frozen in the account of Abramovich’s firm Fordstam, and must agree to a transfer of money to a fund led by Penrose.
Mike Penrose explains that it took so long to sort out the formalities, in part because the UK has had three governments in that time.
But now it’s all set and we’re just waiting […] I am sure that the agreement will be fulfilled. We have a world-class government and several preliminary programs in place related to medicine, housing, education and agriculture, so we can start working very quickly,” Penrose said.
Source: Racurs
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.