The Telegraph: Roman Abramovich to go against UK Prime Minister Keir Starmer and spend Chelsea sale proceeds on war victims outside Ukraine. He seeks to register a charity foundation in a bid to end a four-year freeze on assets.
The Telegraph: Roman Abramovich to go against UK Prime Minister Keir Starmer and spend Chelsea sale proceeds on war victims outside Ukraine. He seeks to register a charity foundation in a bid to end a four-year freeze on assets.
– A surprise move to break the deadlock over Roman Abramovich’s frozen Chelsea sale fund sees a charity launched in defiance at the Prime Minister’s legal threats
– Registration this week with the Charity Commission will detail Abramovich’s plan to spend the £2.35bn proceeds on war victims “anywhere” rather than only in Ukraine.
– The move will rattle ministers threatening legal action against Abramovich as the Government has not given its permission for the charity to be officially set up.
– Now, in an attempt to finally break the deadlock, the foundation is being registered regardless of Whitehall consent by Mike Penrose, a former Unicef UK chief executive.
– The charity will have an official remit of being “for the public benefit, the saving of lives and relief of suffering through the provision of humanitarian assistance to people in need anywhere in the world who are victims of conflict
– It remains to be seen whether the Government will make any emergency new moves to block its registration.
– Regardless, the money will not be spent yet as the account is frozen and tied up in a dispute between Abramovich and Jersey.
– Those involved insist the details to be registered this week are aligned with Mr Abramovich’s legal position with the Government throughout.
– representative of Mr Abramovich added: “Our understanding is that a foundation is currently in the process of being registered, which we welcome. Mr Abramovich maintains his intention to donate funds to humanitarian causes once the relevant legal obstacles are resolved.”
– successive Governments have since insisted they will only approve the fund’s release on the basis of it being spent within Ukraine’s borders. Both sides accuse each other of going back on prior commitments.
PatientPlatform on
Good on him.
He’s Ukrainian and Russian and its his money. If all he’s doing is helping ordinary people get back on their feet more power to him.
Its more than the EU, Kremlin or USA have done for them.
MarkCrystal on
I don’t see how you can dictate what anyone should be doing after the government forced a man to sell his club because a country he was associated with started an illegal war.
Unless you want to apply the same sanctions/logic on American owners now, you can’t really carry on going for someone that was in this scenario previously.
Bolasie4 on
Good on him and this should definitely be allowed. If proceeds go to Ukraine Stahmer may as well pull the trigger himself on Abramovich
5 Comments
– A surprise move to break the deadlock over Roman Abramovich’s frozen Chelsea sale fund sees a charity launched in defiance at the Prime Minister’s legal threats
– Registration this week with the Charity Commission will detail Abramovich’s plan to spend the £2.35bn proceeds on war victims “anywhere” rather than only in Ukraine.
– The move will rattle ministers threatening legal action against Abramovich as the Government has not given its permission for the charity to be officially set up.
– Now, in an attempt to finally break the deadlock, the foundation is being registered regardless of Whitehall consent by Mike Penrose, a former Unicef UK chief executive.
– The charity will have an official remit of being “for the public benefit, the saving of lives and relief of suffering through the provision of humanitarian assistance to people in need anywhere in the world who are victims of conflict
– It remains to be seen whether the Government will make any emergency new moves to block its registration.
– Regardless, the money will not be spent yet as the account is frozen and tied up in a dispute between Abramovich and Jersey.
– Those involved insist the details to be registered this week are aligned with Mr Abramovich’s legal position with the Government throughout.
– representative of Mr Abramovich added: “Our understanding is that a foundation is currently in the process of being registered, which we welcome. Mr Abramovich maintains his intention to donate funds to humanitarian causes once the relevant legal obstacles are resolved.”
– successive Governments have since insisted they will only approve the fund’s release on the basis of it being spent within Ukraine’s borders. Both sides accuse each other of going back on prior commitments.
Good on him.
He’s Ukrainian and Russian and its his money. If all he’s doing is helping ordinary people get back on their feet more power to him.
Its more than the EU, Kremlin or USA have done for them.
I don’t see how you can dictate what anyone should be doing after the government forced a man to sell his club because a country he was associated with started an illegal war.
Unless you want to apply the same sanctions/logic on American owners now, you can’t really carry on going for someone that was in this scenario previously.
Good on him and this should definitely be allowed. If proceeds go to Ukraine Stahmer may as well pull the trigger himself on Abramovich
