Fordstam Limited, a company owned by former Chelsea owner Roman Abramovich and the previous parent company of Chelsea FC, is set to receive notice of a compulsory strike-off on June 6. From July 2003 until August 2009, the company was named Chelsea Limited.
The company, whose registered address remains at Stamford Bridge, last filed accounts in 2021 but ahead of Chelsea's takeover by Todd Boehly and Clearlake Capital in May 2022 provided information to the registrar with no filings since.
The First Gazette Notice to be published on Tuesday said: "The Registrar of Companies gives notice that unless cause is shown to the contrary, the Company will be struck off the register and dissolve not less than 2 months from the date shown above. Upon the Company's dissolution, all property and rights vested in, or held in trust for, the Company are deemed to be bona vacantia, and will belong to the Crown."
READ MORE: Todd Boehly and Chelsea receive £19.8m windfall ahead of pivotal summer transfer window
Abramovich remains sanctioned by the United Kingdom government having been added to the list of financial sactions targets in the UK in March 2022. They cite that he is associated with Vladimir Putin, Alisher Usmanov and benefitting from his support through owning Evraz plc and subsidaries.
The Times report that £2.35 billion from the takeover fee, designated to set up a foundation to support victims of the war in Ukraine, is still in a frozen account of Fordstam. They funds were placed in a frozen bank account to ensure Abrmovich did not receive any proceeds from the sale.
"We're ready to go and we're just waiting for approval,' said Mike Penrose in April, who is the acting CEO of the foundation.
"There are complexities and delays based around political approval both between the UK and the EU and within the UK.
"We aren't going to make any decisions until we know the money's coming We don't want to end up with a charity but no money."
READ NEXT:
Mauricio Pochettino can help Chelsea keep Trevoh Chalobah promise as £25m transfer talk emerges
Newcastle chief makes Chelsea dig as true Mauricio Pochettino transfer window task laid bare
35 Chelsea summer transfer predictions as Pochettino set for ruthless choices to cut down squad
Joao Felix breaks silence after Chelsea exit amid Mauricio Pochettino decision
Chelsea complete $37m Mauricio Pochettino transfer demand as six deals 'confirmed'
