Published: 09:46, 4 November 2025 | Updated: 09:46, 4 November 2025

New accounts have suggested less than half of proceeds from Roman Abramovich's £2.35billion sale of Chelsea could go to victims of the war in Ukraine.

Abramovich was forced to sell Chelsea in 2022 after being sanctioned over his alleged ties to Vladimir Putin in the wake of Russia's invasion of Ukraine.

American billionaire Todd Boehly and Clearlake Capital paid £2.5bn for the club, and after transaction-related expenses, £2.3bn was left. 

At the time of the sale, Abramovich's press office said he 'wanted the proceeds to be transferred to a charitable foundation for the needs of the victims on both sides of the conflict between Russia and Ukraine.' 

Despite the sale going through for a record £2.35billion — with the Government pledging the money would support humanitarian causes — the cash has remained stuck in a UK bank account belonging to Fordstam, a company controlled by Abramovich.

Accounts for the year ending on June 2022 have been published on Companies House, which were signed off on October 10 in 2025.

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