Chelsea owner Roman Abramovich reportedly owes Queen Elizabeth £10,000 in rent over the land in which his mansion is built on. The UK government sanctioned the billionaire oligarch last week, with his assets, including Chelsea football club, frozen for his alleged relationship with Vladimir Putin and the Kremlin.
These sanctions have left Abramovich unable to pay rent to the Queen for the land on which his £107 million mansion is located. The 15-room London home, which is within walking distance of Kensington Palace, is under a 125-year lease with the land belonging to the Crown Estate.
The businessman is at risk of losing another sizeable asset on UK soil due to sanctions preventing oligarch money from being accepted. The £10,000 rent is supposedly rising to £160,000-a-year at a later date, reports The Daily Star.
The Blues owner was aware of the risks and tried to sell the property in recent weeks to no avail. If Abramovich is unable to pay the Queen, the Crown Estate can sue him and confiscate the property.
It follows the Russian being unable to sell Chelsea for a profit while the club is also extremely limited in their income sources and expenditure. Abramovich suffered more humiliation last week when he was disqualified as a director of the west London side by the Premier League.
For more stories from where you live, visit InYourArea
