Roman Abramovich has £5.4bn assets FROZEN in Channel Island of Jersey in latest blow to Russian billionaire
Sponsored by
CHELSEA owner Roman Abramovich has had £5.4billion worth of assets frozen in Jersey.
The UK Government sanctioned the 55-year-old last month after Russia’s invasion of Ukraine.
The billionaire, who bought Chelsea in 2003, was described by them as a “pro-Kremlin oligarch” and he was also sanctioned by the EU.
That led to Abramovich putting the Premier League giants up for sale as the Government handed them a special licence to keep operating.
Now he has been hit by a freezing order in the Channel Islands while local police also searched premises that are “suspected to be connected” to Abramovich on Tuesday.
READ MORE FOOTBALL
The Jersey Law Officers’ Department released a statement today that read: “Search warrants were executed by the States of Jersey Police on Tuesday 12 April 2022 at premises in Jersey suspected to be connected to the business activities of Roman Abramovich.
“The Royal Court also imposed a formal freezing order on 12 April, known as a saisie judiciaire, over assets understood to be valued in excess of US$7 billion which are suspected to be connected to Mr Abramovich and which are either located in Jersey or owned by Jersey incorporated entities.”
Raine Group is overseeing the sale of Chelsea.
They have now shortlisted four bids to try and take over from Abramovich.
Most read in Football
FREE BETS AND SIGN UP DEALS - BEST NEW CUSTOMER OFFERS
Boston Celtics co-owner Stephen Pagliuca and Chicago Cubs owner Tom Ricketts have both made bids.
A consortium that features Los Angeles Dodgers part-owner Todd Boehly is another.
While another group fronted by former Liverpool and BA chairman Martin Broughton is also part of the four.
All of them have been set a deadline for final bids to be submitted by Thursday.