Overview
- Fordstam’s newly filed accounts cite Jersey Court judgments indicating the Attorney General is probing whether assets linked to a Camberley loan, potentially including the net proceeds, are the proceeds of crime.
- The money from the 2022 sale remains frozen in a UK account, with the government insisting it be ringfenced for Ukraine and Abramovich’s camp asserting he should control allocation.
- The filings indicate about £987 million would remain after repaying a £1.4 billion Camberley loan, and the buyers have withheld £150 million for five years to cover pre-acquisition liabilities.
- Sky News reports the accounts show £2.407 billion from the sale on the books, with Fordstam stating only the net proceeds after liabilities are intended for a charitable foundation.
- Abramovich denies wrongdoing and has not been charged, and separately Chelsea faces 74 FA charges that the club expects will result in a financial penalty while current owners stress cooperation.