Chelsea

Boris Johnson finally announces what to do with Roman Abramovich’s £3 billion fund

Boris Johnson finally outlines what will be done with Roman Abramovich’s £3 billion fortune.

Chelsea’s owner, Roman Abramovich, announced his desire to sell the club in March, and the process has been ongoing for the previous two months.

The revenues of the sale will not be paid to Abramovich since he has been sanctioned by the British government.
Roman Abramovich announced before the sanctions that a portion of the proceeds from the sale will be donated to Ukrainian conflict victims.

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Because of UK sanctions, Abramovich’s assets have been blocked permanently.

Due to Blues owner Roman Abramovich having been sanctioned because of his links to Russian President Vladimir Putin, the British government is allegedly attempting to prevent the revenues of almost £3 billion that have been locked in a bank account.
According to the New York Times, UK Prime Minister Boris Johnson wants the money to go to a foundation to assist Ukrained to rebuild after the Russian invasion, but there are concerns about the legality of doing so so quickly.

Boris Johnson would want the money to go to a foundation that would help Ukraine recover from the Russian invasion.

Meanwhile, former Arsenal vice-chairman David Dein has written to the Secretary of State for Digital, Culture, Media, and Sport (DCMS), Nadine Dorries, requesting that £750 million from the sale be used to improve 20,000 playing surfaces, build over 1,000 artificial pitches, and renovate changing rooms.

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