Roman Abramovich’s Chelsea FC sale cash may be under investigation as ‘proceeds of crime’

Jersey prosecutors are looking into the origins of Roman Abramovich’s wealth. Photograph: Matt Dunham/AP

Jersey authorities may be investigating whether cash raised by Roman Abramovich’s 2022 sale of Chelsea FC amounts to the proceeds of crime, according to documents filed at Companies House on Wednesday, potentially complicating a row with the UK government over how the money will be used.

Accounts for Fordstam Ltd, the company through which the billionaire Russian oligarch owned Chelsea, show that the proceeds of the sale – currently frozen and gathering interest in a Barclays Bank account – have risen to £2.4bn.