PARLIAMENTARY WRITTEN QUESTION
Chelsea Football Club: Sales (22 February 2024)

To ask the Minister of State, Foreign, Commonwealth and Development Office, what steps his Department is taking to ensure the delivery of £2.5 billion from the sale of Chelsea Football Club.

Asked by:
Sir Iain Duncan Smith (Conservative)

The proceeds from the sale of Chelsea FC are currently frozen in a UK bank account while independent experts establish a foundation to manage and distribute the money. A licence from the Office of Financial Sanctions Implementation will then be needed to move the funds to the foundation. We want this money to reach Ukraine as quickly as possible and remain open to any arrangement that clearly delivers this.

Answered by:
Leo Docherty (Conservative)
29 February 2024