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

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.

Almost 17 months after Chelsea’s £2.5bn sale, a stalemate over where the funds should be spent means a proposed charitable foundation is yet to be established and proceeds remain frozen in a UK bank account belonging to Abramovich’s company Fordstam.

Abramovich is under UK government sanctions, with the sale of Chelsea made possible by a licence granted by the Office of Financial Sanctions Implementation on 24 May 2022. The text of the licence is not in the public domain, for reasons of data protection according to the Treasury, but sources close to Abramovich say it authorised the creation of a foundation with “exclusively humanitarian purposes supporting all victims of the conflict in…