Labour MP Chris Bryant has called for Roman Abramovich to be banned from owning Chelsea following Russia's decision to invade neighbouring Ukraine.
Bryant has also questioned whether Abramovich's "£152million home" should be seized. The billionaire owns other assets in the UK.
Mirror Football have contacted Abramovich's representatives for comment.
Russian dictator Vladimir Putin has sanctioned several missile strikes on Ukraine - a sovereign European state - and tanks have crossed the border.
Abramovich has owned Chelsea since 2003 and overseen the most successful period in the clubs history, winning countless trophies - including the Champions League twice - but is rarely seen at Stamford Bridge nowadays.
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There is no suggestion Abramovich is connected to terrorism or involved in any wrongdoing.
Prime minister Boris Johnson confirmed Abramovich "has not been the subject of targeted measures" after mistakenly telling the House of Commons he'd been sanctioned by the government.
On reading this report, Bryant told the Commons on Thursday: "Following some of the reports in The Sun and other newspapers today, I've got hold of a leaked document from 2019 from the Home Office.
"Which says, in relation to Mr Abramovich, as part of HMGs [Her Majesty's Government] Russia strategy, aimed at targeting illicit finance and malign activity, Abramovich remains of interests to HMG due to his links to the Russian state and his public association with corrupt activity and practices.
"An example of this is Abramovich admitting in court proceedings that he paid for political influence.
"Therefore HMG is focused on ensuring individuals linked to illicit finance and malign activity are unable to base themselves in the UK and will use the relevant tools at its disposal including immigration powers to prevent this.
"That's nearly three years ago, and yet remarkably little has been done in relation. Surely Mr Abramovich should no longer be able to own a football club in this country?
"Surely we should be looking at seizing some of his assets, including his £152m home? And making sure that other people who've had tier one visas like this are not engaged in malign activity in the UK."
Dozens of MPs have called for severe sanctions to be imposed on Russia, with Bryant wanting to "freeze assets of all Russian or dual nationals who are persons of interests", as per his tweet on Thursday afternoon.
Johnson promised "massive" sanctions in his most recent address to the nation on Thursday afternoon, although it's unclear how far the PM will go at this stage.
"Our mission is clear – diplomatically, politically, economically – and eventually, militarily – this hideous and barbaric venture of Vladimir Putin must end in failure," tweeted Johnson.
