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The Latest Breaking News from Fordstam

Roman Abramovich to Face Drastic Action Over Chelsea Sale Funds

Over $3 billion has been frozen in a bank account since 2022.

Sports Illustrated

UK prepares to sue Abramovich over £2.4bn proceeds of Chelsea FC sale

Russian billionaire accused of missing ‘last chance’ to release money to help victims of Ukraine war

The Guardian - UK

Roman Abramovich legal battle with UK government over funds from Chelsea sale takes fresh twist

Roman Abramovich sold Chelsea Football Club in 2022 following Russia’s invasion of Ukraine

The Independent UK

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read the most diverse news in one place.

Roman Abramovich’s Chelsea FC sale cash may be under investigation as ‘proceeds of crime’

Documents filed at Companies House over 2022 deal could complicate row with UK over how money will be used

The Guardian - UK

Roman Abramovich hits out at government for ‘paralysing’ £2.3bn Chelsea sale money

Former Chelsea owner criticises government amid fears about planned donation of funds from sale going to victims of the war in Ukraine

Evening Standard

Chelsea have £150m buffer against fines from FA, say football finance experts

Revelation may make points deduction or suspension from competition over Abramovich-era breaches more likely

The Guardian - UK

Ukraine war victims may receive less than half of £2.35bn Chelsea sale funds

The funds remain frozen in a London bank account

Evening Standard

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Roman Abramovich representatives believe UK government changed terms over frozen £2.5bn

Roman Abramovich’s representatives believe the UK government changed the terms of the deal under which funds from the sale of Chelsea were to be used to help victims of the war in Ukraine

The Guardian - UK

Former Chelsea owner Roman Abramovich's Fordstam deadline nears amid foundation plea

Fordstam Limited was previously the parent company of Chelsea and sees its registered address remain at Stamford Bridge and is said to hold funds designted to help victims of the Ukraine war

Football London

What the threat to Roman Abramovich's Fordstam Limited means for Chelsea as timeline begins

Roman Abramovich was sanctioned amid the war in Ukraine with his assets including Chelsea impacted, one such company could soon be struck off

Football London

Former Chelsea owner Roman Abramovich hit with Fordstam threat after takeover

Fordstam Limited was previously the parent coming of Chelsea FC and sees its registered address remain at Stamford Bridge

Football London

Chelsea sale thrown into doubt as Roman Abramovich demands £1.6bn loan be 'repaid'

The sanctioned Russian owner is looking for debt linked to the club's parent company to be paid to a Jersey-based firm, according to reports, just four days after Todd Boehly's consortium began exclusive takeover talks

Daily Mirror

Tickets and transfers: What Chelsea can and can’t do following under latest government licence

Chelsea have been given special dispensation to continue operating

The Independent UK

Why Roman Abramovich is still allowed to fund Chelsea amid takeover despite government sanctions

The government has updated the terms of its operating licence to allow ticket sales and permit a £30m payment to cover cashflow issues

Football London

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