• Loading stock data...
Thursday, October 30, 2025
Want a chance to win $250 and free FOS gear? Take our quick reader survey. Take the survey here

U.K. Threatens to Take Former Chelsea Owner to Court for Billions from Sale

Roman Abramovich and the British government are in a standoff about what to do with the proceeds of his 2022 sale of the Premier League team.

A Chelsea FC banner is waved over the field at Stamford Bridge stadium.
Chelsea FC

The United Kingdom is threatening to sue former Chelsea owner Roman Abramovich for the frozen billions he netted from selling the team.

The British government forced Abramovich to sell the team in 2022 after Russia’s invasion of Ukraine due to his close ties to Vladimir Putin’s government. The money has sat frozen in one of his accounts since then as the government tries to send the money to Ukrainian victims; according to multiple reports, Abramovich wants the money to go to victims on both sides.

On Tuesday, British finance minister Rachel Reeves and foreign minister David Lammy said the government was prepared to increase its efforts to get the money.  

“The government is determined to see the proceeds from the sale of Chelsea Football Club reach humanitarian causes in Ukraine, following Russia’s illegal full-scale invasion. We are deeply frustrated that it has not been possible to reach agreement on this with Mr. Abramovich so far,” they said.

Reeves and Lammy added that they are still open to negotiate with Abramovich but were “fully prepared to pursue this through the courts if required.”

Abramovich owned Chelsea from June 2003 to 2022. The club had its most successful run under him, winning two Champions League titles and four Premier League titles.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Oct 24, 2025; Fort Lauderdale, Florida, USA; Inter Miami CF forward Lionel Messi (10) looks on against Nashville SC during the first half at Chase Stadium.

Lionel Messi: MLS Can’t Grow Without More Spending Power

The Inter Miami star recently signed a contract extension through 2028.
Alexis Ohanian

Alexis Ohanian: Angel City Ownership Setup Was a ‘Terrible Idea’

He admits that the NWSL club’s governance was a disaster.
May 20, 2023; Los Angeles, California, USA; Los Angeles Dodgers and LA Sparks co-owner Todd Boehly watches during game three of the Western Conference Finals for the 2023 NBA playoffs between the Los Angeles Lakers and the Denver Nuggets at Crypto.com Arena.
exclusive

Mark Walter’s Lakers Buy Includes Dodgers Co-Owner Todd Boehly

Jeanie Buss will retain a roughly 15% stake and remain team governor.

Turkish Soccer Says It Has Widespread Ref Gambling Problem

The scandal involves hundreds of professional soccer referees.

Featured Today

September 21, 2025; Santa Clara, California, USA; NFL commissioner Roger Goodell before the game between the San Francisco 49ers and the Arizona Cardinals at Levi's Stadium

NFL Fall Meeting: 7 Big Topics Among Team Owners 

Media, facilities, and labor highlight some of the key areas of concern.
Ohio State Buckeyes running back Isaiah West (32) runs the ball in the second half at Camp Randall Stadium on Saturday, Oct. 18, 2025 in Madison, Wisconsin
October 25, 2025

NIL Has Birthed a Third-Party Cottage Industry—and It’s a Mess

There’s no limit to how much players can make from NIL deals.
Christie's
October 21, 2025

Lou Gehrig’s $4M Jersey and the Exploding Sports Memorabilia Market

An ultra-rare sports collection is about to hit the auction block.
@chef__tezz/Instagram
October 19, 2025

Inside the NFL’s Private Chef Network

Private chefs are the unsung architects of player performance.
Oct 29, 2025; Los Angeles, California, USA; Los Angeles Dodgers co-owner Mark Walter looks on in the eighth inning between the Toronto Blue Jays and the Los Angeles Dodgers during game five of the 2025 MLB World Series at Dodger Stadium.

NBA Approves Mark Walter As New Lakers Owner

Walter has turned the Dodgers into a powerhouse.
October 27, 2025

Dodgers Depth, Blue Jays Glue Guys Are Defining the World Series

Yamamoto, Smith, and Glasnow are playing key roles for MLB’s top spenders.
Oct 23, 2025; St. Louis, Missouri, USA; Utah Mammoth center Logan Cooley (92) is congratulated by teammates after scoring against the St. Louis Blues during the first period at Enterprise Center
October 29, 2025

Cooley Signing Adds to Utah’s Pursuit of Early NHL Success

In its second season, Utah is committed to winning as fast as possible.
Sponsored

How HOKA is Reimagining the NIL Relationship

TNT Sports is going all-in on college athletics—bringing fans closer and giving brands a powerful new way to connect.
October 26, 2025

Blue Jays’ World Series Run Is Just Part of Rogers’ Big Sports..

Buying more MLSE equity and a recapitalization of sports assets are planned.
Fred Warner
October 25, 2025

Most of the 49ers’ Record Cap Number Isn’t on the Field

The 49ers are winning despite ranking 31st on spending on active players.
Oct 23, 2025; Toronto, ON, Canada; Signage in place on the dug out before game one of the World Series between the Los Angeles Dodgers and Toronto Blue Jays at Rogers Centre.
October 24, 2025

World Series Viewership Will Be Different This Year

The Canadian presence in the World Series creates a unique viewership situation.
Tom Dundon
exclusive
October 22, 2025

Sale of Trail Blazers to Tom Dundon Will Take Multiple Years to..

Dundon is buying the team at a $4.25 billion valuation.