Government and Roman Abramovich at odds over distribution£2.5bn in proceeds from deal remain frozen in UK bank account
The government has admitted that a “disagreement” with Roman Abramovich is stopping funds generated from the sale of Chelsea from being used to help victims of the war in Ukraine.
More than 18 months after Abramovich sold Chelsea to American investors, £2.5bn in proceeds from the deal remain frozen in a UK bank account. On Tuesday the minister for Europe, Leo Docherty, said the process of releasing the money remained stuck, with the two sides at odds over where and how it should be spent.