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Chelsea Football Club: Sales

Asked by David TaylorLabourForeign, Commonwealth and Development OfficeTabled Answered 10 March 2025UIN 34188

The question

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, pursuant to the Answer of 28 October 2024 to Question 10916 on Chelsea Football Club: Sales, for what reason the Government is unable to access these funds.

Answered by Stephen Doughty

The proceeds from the sale of Chelsea Football Club are currently frozen in a UK bank account. A licence from the Office for Financial Sanctions Implementation (OFSI) is needed to move or use the proceeds, but they are not Government funds.

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