The owner of Chelsea was Russian. Russia was sanctioned. The owner was forced to sell. The government withheld the money owed to the Russian owner as part of the sanctions. The money was promised to Ukrainian war victims. They appear to still be withholding it either out of bureaucratic incompetence or a greed for the interest generated from it.
The government isn’t getting anything out of it. The money technically isn’t theirs. It’s frozen assets, not seized. They are just refusing to unfreeze it until there’s some proof that Abramovich is actually going to do with it what he promised, and that it isn’t secretly helping the Russian war effort.
The money was promised to victims of the war in Ukraine. A small difference in phrasing is a massive difference in what can be done with the funds. Abramovich wanted them to be for both Russian and Ukraine civilians.
Maybe the uk government had a lightbulb moment and decided the interest generated from it would go towards the costs associated with housing Ukrainian refugees in the UK .
Torys dont do this sort of thing off their own back. Remember how they’d only feed kids because of Marcus Rashford? Its not likely they’re putting the interest to any worthy cause.
Can someone explain this in simpler terms
The owner of Chelsea was Russian. Russia was sanctioned. The owner was forced to sell. The government withheld the money owed to the Russian owner as part of the sanctions. The money was promised to Ukrainian war victims. They appear to still be withholding it either out of bureaucratic incompetence or a greed for the interest generated from it.
No, HE was sanctioned. I would imagine that Abramovich has some legal avenues still open and that is what is causing the delay.
So the English government is in the wrong and Abramovich hasn’t received money for selling the club
The British government isn’t in the “wrong.” It purposefully chose to sanction Abramovich due to his connections to Putin.
they took it out of greed and are keeping it out of greed. there was never any other element to the situation.
Or the fact that one of Abramovichs steel companies was providing steel for Russian tanks.
The government isn’t getting anything out of it. The money technically isn’t theirs. It’s frozen assets, not seized. They are just refusing to unfreeze it until there’s some proof that Abramovich is actually going to do with it what he promised, and that it isn’t secretly helping the Russian war effort.
Why does the British government get to keep all the money? Did he use British loans to buy the team and they’re collecting on it?
With this govt it’s so hard to know where greed starts and incompetence begins.
The money was promised to victims of the war in Ukraine. A small difference in phrasing is a massive difference in what can be done with the funds. Abramovich wanted them to be for both Russian and Ukraine civilians.
Lmao and you believe that? It would have been laundered and spent on yet another superyacht of his.
This is the same dude who’s aluminum (one part of his portfolio mind you) that is building Russia’s airforce, naval weapons, tanks, etc.
Absolutely delusional how many football fans dick ride Abramovich still
Yank alert
Are you okay mate? I was just making a correction on what he promised.
Maybe the uk government had a lightbulb moment and decided the interest generated from it would go towards the costs associated with housing Ukrainian refugees in the UK .
Torys dont do this sort of thing off their own back. Remember how they’d only feed kids because of Marcus Rashford? Its not likely they’re putting the interest to any worthy cause.