UK prepares to sue Abramovich over £2.4bn proceeds of Chelsea FC sale

Russian billionaire accused of missing ‘last chance’ to give the money to agencies helping victims of Ukraine war

UK officials are preparing for a possible court case against Roman Abramovich after he missed a deadline to release £2.4bn he raised from selling Chelsea FC.

The Russian billionaire failed to hand over the money by the deadline of 17 March, amid a dispute over how it will eventually be used.