Chelsea Football Club: Sales

Foreign, Commonwealth and Development Office written question – answered at on 29 February 2024.

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Photo of Iain Duncan Smith Iain Duncan Smith Conservative, Chingford and Woodford Green

To ask the Minister of State, Foreign, Commonwealth and Development Office, what steps his Department is taking to ensure the delivery of £2.5 billion from the sale of Chelsea Football Club.

Photo of Leo Docherty Leo Docherty Parliamentary Under-Secretary (Foreign, Commonwealth and Development Office)

The proceeds from the sale of Chelsea FC are currently frozen in a UK bank account while independent experts establish a foundation to manage and distribute the money. A licence from the Office of Financial Sanctions Implementation will then be needed to move the funds to the foundation. We want this money to reach Ukraine as quickly as possible and remain open to any arrangement that clearly delivers this.

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