Roman Abramovich’s funds for war victims will not only go to Ukrainians | chelsea
Roman Abramovich’s plan to use the sale of Chelsea to donate funds to war victims in Ukraine isn’t just for Ukrainians, raising the possibility of money flowing back to Russian soldiers or their families.
Abramovich confirmed on Wednesday that he wanted to sell Chelsea and the Russian oligarch said all net proceeds – understood as money from any sale less legal fees – would be used “for the benefit of all victims of the war in Ukraine. “. The wording left open the possibility that the money was not entirely earmarked for Ukrainians injured, bereaved or otherwise affected by the Russian invasion of their country.
The Guardian sought to clarify that statement by asking sources close to the process whether there was any chance the charity fund could be used to help Russian soldiers injured in the war or the families of Russian soldiers. A key figure explained that the fund is for all victims of war and will not be tied to origin. More details were not provided, with Abramovich‘s team working with charity groups to determine how best to proceed.
It remains to be seen how much money from any Chelsea sale will go into the fund. It is unclear how the net proceeds will be deducted from any transaction. Neither Chelsea nor Abramovich‘s spokesperson responded to a question about the net proceeds process.
Abramovich has come under increasing scrutiny since Russia invaded Ukraine and he has bowed to mounting political pressure to end his ownership. The 55-year-old’s announcement came after the latest call in parliament for him to face UK government sanctions.
Abramovich has vehemently denied allegations that he has ties to Vladimir Putin and the Russian state, or that he has done anything to deserve punishment. But those denials did little to silence critics of Abramovich, who did not condemn Russia’s actions. Labor MP Chris Bryant said the decision to sell Chelsea could be an attempt by Abramovich to avoid sanctions. Sir Keir Starmer, the Labor leader, also urged Boris Johnson to sanction the Chelsea owner.
Interested parties in Chelsea have sought to act quickly in case Abramovich is sanctioned, in which case a sale is unlikely to be allowed.
Todd Boehly and Hansjörg Wyss are increasingly confident of the success of their bid to buy Chelsea and are expected to intensify negotiations with Roman Abramovich this weekend. Sources said at least one other group is preparing to make an offer this week.