There are concerns that less than half of the £2.35billion from the sale of Chelsea will end up going to help victims of the war in Ukraine after the publication of company accounts said that only “net proceeds” would be donated to that cause.
The full amount of money from the May 2022 sale of Chelsea to Todd Boehly and Clearlake Capital remains frozen in a bank account belonging to Fordstam Ltd, the London-registered former parent company of Chelsea which is owned by Roman Abramovich.
