Chelsea takeover completed after government issues license to permit sale
The government is satisfied none of the proceeds will go to Abramovich Roman Abramovich has agreed to the UK government’s terms for the £4.25bn takeover of Chelsea, completing the sale of the club. On Wednesday morning, sports and culture minister Nadine Dorries said the UK government had issued a license that permits the sale of […]
4 years ago
Russian businessman’s superyacht named Phi worth £38m seized in London
The superyacht had been due to appear in an awards ceremony A £38m superyacht owned by an unnamed Russian businessman has been seized in London’s Canary Wharf as part of the UK’s crackdown against Russia over its invasion of Ukraine. It is the first superyacht to have been detained by the government in UK waters, […]
4 years ago
Sanctioned Russian oligarch is scared as ‘I may have to clean the house myself’
Poor poor billionaire said no one ever After being sanctioned by the West, a Russian oligarch is having a crisis so much he may have to clean his house himself without the cleaner. Mikhail Fridman, who has a net worth of £7.7billion, said he doesn’t “know how to live” after Western sanctions stripped his wealth. […]
4 years ago
Italy captures over £118m in yachts and properties from Russian oligarchs
One property belongs to a Russian Parliamentary member Italian officials have seized villas and yachts owned by five Russian oligarchs, with the absolute value totalling a staggering $156m. Amid continued sanctions from Western nations and renewed pressure from world leaders, Italian police seized Sardinia, Lake Como and Tuscany properties from Russian billionaires. A list issued […]
4 years ago