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1472258
registered interest false more like this
date less than 2022-06-21more like thismore than 2022-06-21
answering body
Department for Digital, Culture, Media and Sport more like this
answering dept id 10 more like this
answering dept short name Digital, Culture, Media and Sport more like this
answering dept sort name Digital, Culture, Media and Sport more like this
hansard heading Chelsea Football Club: Sales remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Digital, Culture, Media and Sport, what progress has been made on the sale of Chelsea Football Club; and whether the Government will consult on that sale with (a) Ukrainian and (b) other international civil society groups. more like this
tabling member constituency Manchester, Gorton more like this
tabling member printed
Afzal Khan more like this
uin 22523 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-06-27more like thismore than 2022-06-27
answer text <p>On 24 May the Office of Financial Sanctions Implementation (OFSI) issued a licence to Chelsea Football Club to allow the sale of Chelsea FC PLC. We have worked in coordination with international partners to ensure that relevant licences from other jurisdictions have also been issued.</p><p>The Club has now transferred ownership to the Boehly-Clearlake consortium. This means that the Club is no longer subject to sanctions.The proceeds are being held in a frozen account and any onward transfer requires a further Government licence to enable that to happen. Abramovich cannot access those funds without a Government licence.</p><p>Abramovich has made a number of public statements regarding his intention to transfer the proceeds to the victims of the war in Ukraine. We have agreed a Deed of Undertaking in which he commits the proceeds to a charity in a jurisdiction agreed by the Government for the purposes of helping victims of the war in Ukraine. Any future movement of the sale revenue will be assessed in line with sanctions obligations and the position outlined in the Deed.</p><p> </p>
answering member constituency Mid Worcestershire more like this
answering member printed Nigel Huddleston more like this
question first answered
less than 2022-06-27T11:26:56.497Zmore like thismore than 2022-06-27T11:26:56.497Z
answering member
4407
label Biography information for Nigel Huddleston more like this
tabling member
4671
label Biography information for Afzal Khan more like this
1458394
registered interest false more like this
date less than 2022-04-19more like thismore than 2022-04-19
answering body
Department for Digital, Culture, Media and Sport more like this
answering dept id 10 more like this
answering dept short name Digital, Culture, Media and Sport more like this
answering dept sort name Digital, Culture, Media and Sport more like this
hansard heading Chelsea Football Club: Sales remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Digital, Culture, Media and Sport, whether the Government has had any involvement in the proposed sale of Chelsea Football Club. more like this
tabling member constituency Oxford West and Abingdon more like this
tabling member printed
Layla Moran more like this
uin 155905 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-04-25more like thismore than 2022-04-25
answer text <p>The Government has been clear that it would like to see the club sold to an appropriate new owner before the end of the season. The process for any bid continues to be run by the club, and it will be for them to decide the precise terms of a proposed sale.</p><p>At the point the club has a preferred bidder we would expect them to apply for a licence to enable the sale. The Government will consider the merits of this licence application on its own terms, noting that we can only impose conditions on a licence which authorises the sale of the club if they are linked to the sanctions policy.</p><p> </p> more like this
answering member constituency Mid Worcestershire more like this
answering member printed Nigel Huddleston more like this
question first answered
less than 2022-04-25T16:55:11.77Zmore like thismore than 2022-04-25T16:55:11.77Z
answering member
4407
label Biography information for Nigel Huddleston more like this
tabling member
4656
label Biography information for Layla Moran more like this