Roman Abramovich ‘asks rich friends for £1m’ to stay afloat despite a net worth of £5.5bn

Chelsea owner Roman Abramovich has had his assets frozen by the UK Government as part of a crackdown on London-based oligarchs following Russia’s invasion of Ukraine

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Roman Abramovich at the Russia-Ukraine peace talks in Istanbul

Roman Abramovich is said to have reached out to his wealthy celebrity friends for financial support after the Russian billionaire’s funds were frozen last month.

The 55-year-old tycoon had his assets frozen by the UK government in March, as part of their crackdown on Vladimir Putin partner of after the invasion of Ukraine. Abramovich, who owned Chelsea since 2003, has vehemently denied that he has close contact with the President of Russia, but is still included in the list of Russian nationals based in the UK who will be subject to sanctions.

He was later suspended as director by Premier League, with Chelsea forced to trade under a strict operating license, this ensures that Abramovich will receive no financial reward from the Premier League club. Before he was sanctioned, Abramovich put the club up for sale, with a preferred bidder expected to be named in the coming weeks.

However, under the current operating license, Abramovich will not see any money from the sale – which could amount to £3 billion. Sun reported that with funds frozen and weekly costs of £600,000 to pay his staff, Abramovich asked several of his associates for loans of around £1m each.

According to the report, Brett Ratner, who has directed Hollywood blockbusters including Rush Hour and X-Men: The Last Stand, is among the names on his contact list – which includes friends from Wall Street and the tech world – among them. he made contact.

It is also alleged that he approached the Rothschild family, although to date, no one is said to have agreed to lend the money. With Abramovich facing sanctions from various governments around the globe, it remains unclear whether whoever lent him the cash could face consequences. Since the start of the invasion, according to Forbes, He is estimated to have seen more than £5 billion wiped off his personal fortune, although his net worth is still approximately £5.5 billion.

Roman Abramovich was part of the Russian delegation in Istanbul last week


Anadolu Agency via Getty Images)

Abramovich was part of the Russian delegation at peace talks in Istanbul last week and is believed to be working to end the war that began at the end of February. Turkish President Tayyip Erdogan said his presence at the talks showed Putin “trusted and trusted him”.

“Abramovich participated in the negotiations as a member of the Russian delegation. Instead of looking at who was at the table, we should look at who they were present on,” he said.

Critics of the Chelsea owner, however, argue that he is trying to use the negotiations to salvage his fortune, which is stretched over gloves. Vladimir Ashurkov, executive director of the Anti-Corruption Foundation founded by the jailed Russian dissident “I am not sure that his participation in this mediation was real and effective until now.” to what extent, and what percentage of it is a PR tool”. Alexei Navalny told the Financial Times.

“He’s a creator and he has creators working for him, so that can only be one way to stand a chance of easing sanctions.”

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