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The Guardian - UK
The Guardian - UK
Sport

£2.5bn Chelsea fund could help children globally if Ed Miliband secures its release

Roman Abramovich sitting in a football stadium
Funds from Roman Abramovich’s sale of Chelsea FC remain stuck. Photograph: Martin Meissner/AP

Amid allegations about advisers dealing with Roman Abramovich’s business affairs (Roman Abramovich aides falsified paperwork to disguise assets and dodge tax, records suggest, 12 October), another issue demands urgent government action – the £2.5bn from the sale of Chelsea FC, which has remained stuck in a Barclays bank account since May 2022.

The money was originally pledged to help victims of the war in Ukraine, no matter where they are in the world. Yet for over four years this huge sum of money has sat in limbo, accruing interest while victims of conflict go without desperately needed support. At a time of global aid cuts, rising food insecurity and growing humanitarian needs, the £2.5bn could make a transformative difference to the children and families we serve around the world.

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