Chelsea Football Club: Sales

Foreign, Commonwealth and Development Office written question – answered at on 23 May 2024.

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Photo of Lord Alton of Liverpool Lord Alton of Liverpool Crossbench

To ask His Majesty's Government whether they intend to use proceeds from the sale of Chelsea Football Club to help fund the creation of an international tribunal for crimes against international humanitarian law in Ukraine.

Photo of Lord Ahmad of Wimbledon Lord Ahmad of Wimbledon Minister of State (Foreign, Commonwealth and Development Office)

The proceeds are not held by the UK Government. They are currently frozen in a UK bank account. In a statement announcing the sale, Roman Abramovich stated the proceeds would be donated to a new charitable foundation. A licence from the Office of Financial Sanctions Implementation will be needed to move the funds to the foundation, once established. We will only issue a licence which ensures the proceeds are used for humanitarian purposes in Ukraine. Separately, we continue to engage in the Core Group established to explore options for a special tribunal on the crime of aggression.

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