World News
Frozen Chelsea sale proceeds gain £175m in interest, accounts show
The Guardian reports that Roman Abramovich's frozen Chelsea sale proceeds rose to nearly £2.5bn while locked in the UK.
The short version
- Proceeds from Roman Abramovich’s 2022 sale of Chelsea FC reached nearly £2.5bn after accruing at least £175m in interest in a frozen UK bank account.[The Guardian]
- The accounts for Fordstam, the firm Abramovich used to own the club, reveal the financial accumulation during the ongoing hold.[The Guardian]
- Release of the capital remains complicated by a criminal probe in Jersey into the origin of Abramovich's wealth and questions over £1.4bn in loans.[The Guardian]
Key facts
- Proceeds from the May 2022 Chelsea FC sale have grown from £2.3bn to nearly £2.5bn in a frozen UK bank account.[The Guardian]
- The locked funds have accrued at least £175m in interest, according to corporate accounts for Fordstam.[The Guardian]
- Jersey authorities are conducting an independent criminal investigation regarding the origin of Abramovich's fortune.[The Guardian]
What remains uncertain
- It remains unresolved whether £1.4bn in loans will be subtracted from the final total intended for donation.[The Guardian]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.