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The Latest Breaking News from Mike Penrose

UK may fight Abramovich in court to get £2bn from Chelsea FC sale for Ukraine

Ministers frustrated by failure to agree terms with Russian oligarch and court case may be only way to break impasse

The Guardian - UK · Mar 6, 2025

U.K. Lawmakers Frustrated as Frozen Chelsea Funds Delay Aid for Ukrainian War Victims

Frustration grows as funds from the sale of Chelsea soccer club remain frozen, preventing support for Ukrainian war victims, despite promises by former own...

U.K. lawmakers unhappy that Abramovich's frozen Chelsea funds still not used for Ukraine

U.K. lawmakers frustrated as funds from the sale of Chelsea football club remain frozen, highlighting difficulties in using frozen assets for Ukraine.

The Hindu · Jan 31, 2024

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Former Chelsea owner Roman Abramovich's Fordstam deadline nears amid foundation plea

Fordstam Limited was previously the parent company of Chelsea and sees its registered address remain at Stamford Bridge and is said to hold funds designted to help victims of the Ukraine war

Football London · Jul 4, 2023

Chelsea sale: Setting up humanitarian aid foundation has become ‘priority’

Todd Boehly and Clearlake Capital completed their £4.25billion Chelsea takeover on Monday

The Independent UK · Jun 3, 2022

Lawyers for Roman Abramovich and government still in talks over Chelsea sale

The two parties are discussing how to handle the Stamford Bridge club’s £1.5billion debt to the Chelsea owner

The Independent UK · May 18, 2022

Roman Abramovich and UK government reach resolution to push through Chelsea sale

The parties are understood to have found common ground on how to handle the Stamford Bridge club’s £1.5billion debt to the Chelsea owner

The Independent UK · May 18, 2022

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Chelsea sale foundation could ‘change the face of humanitarian aid’, says former Unicef chief

Penrose has been tasked with forming the new independent foundation to which owner Roman Abramovich says he wants to donate all proceeds from the Blues’ sale

The Independent UK · May 16, 2022

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