Chelsea owner Roman Abramovich had his assets frozen by the UK government as part of its crackdown on London-based oligarchs following the Russian invasion of Ukraine
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Roman Abramovich has reportedly turned to his mega-rich celebrity friends for financial help after the Russian billionaire’s funds were frozen last month.
The 55-year-old oligarch’s assets were frozen in March by the UK government as part of its crackdown Wladimir Putin ‘s staff after the invasion of Ukraine. Abramovich who owned Chelsea has vehemently denied having close ties to the Russian president since 2003, but was nonetheless included on a list of UK-resident Russian nationals to be sanctioned.
As a result, he was suspended as director by the board of directors First League, with Chelsea forced to act under a strict operating license that ensures Abramovich receives no financial reward from the Premier League club. Before being sanctioned, Abramovich had put the club up for sale with a preferred bidder expected to be named in the coming weeks.
However, under the current operating licence, Abramovich would not see any of the funds from the sale – which could yet exceed £3billion. The sun report that with his money frozen and a weekly cost of £600,000 a week to pay his staff, Abramovich has asked some of his staff for loans of around £1million each.
According to the report, Brett Ratner, who has directed Hollywood blockbusters like Rush Hour and X-Men: The Last Stand, is one of the names on his list of contacts, which also includes friends from Wall Street and the tech world he has contacted.
He is also believed to have approached the Rothschild family, although no one has yet agreed to lend the money. As Abramovich faces sanctions from various governments around the world, it’s unclear if anyone who lends him cash could still face consequences. Since the invasion began according to Forbes, He has estimated that more than £5billion has been wiped out of his personal fortune, although his net worth sits at around £5.5billion.
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Abramovich was part of the Russian delegation at the peace talks in Istanbul last week and is reported to be working to end the war that began in late February. Turkish President Tayyip Erdogan said his presence at the talks shows Putin “believes and trusts him”.
“Abramovich took part in the negotiations as part of the Russian delegation.
However, the Chelsea owner’s critics claim he is trying to use the talks to salvage his fortune, which spans the gauntlet. “I’m not sure how real and effective his involvement in this mediation is, and how much of it is a PR tool,” said Vladimir Ashurkov, executive director of the anti-corruption foundation set up by the jailed Russian dissident Alexei Navalny to the Financial Times.
“He’s a creative guy and he has creative people working for him, so it can only be a way to ease the sanctions.”
https://www.mirror.co.uk/sport/football/news/chelsea-owner-roman-abramovich-loans-26645066 Roman Abramovich 'asks rich friends for £1million' to stay afloat despite £5.5billion net worth