Former Chelsea owner faces billion-kronor tax bill

Former Chelsea owner, the Russian oligarch Roman Abramovich, may have tried to evade tax in the UK of up to 13 billion kronor.

» Published: Wed 29 Jan 2025 11:01 CET

Former Chelsea owner faces billion-kronor tax bill
Photo: Martin Meissner/AP/TT

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Leaked documents, which BBC and the Bureau of Investigative Journalism (TBIJ) have obtained, show that investments worth approximately 82 billion kronor have been made through companies in the British Virgin Islands. However, evidence suggests that the companies were controlled from the UK and should have been taxed there for up to 1 billion pounds (13 billion kronor).

Some of the money that Roman Abramovich invested in Premier League club Chelsea can be traced back to these companies, according to BBC and TBIJ.

Abramovich's lawyers say that the Russian oligarch has always followed the advice of tax experts.

According to BBC, Member of Parliament Joe Powell wants the case to be investigated immediately, as it involves "a lot of money that can be used by the public".

BBC and several media partners, including The Guardian and SVT's Mission: Investigate, have been reporting since 2023 on the large economic scandal known as the Cyprus leak, in which Abramovich was involved.

Mission: Investigate reported that 100 million kronor of Chelsea's money may have been transferred to the football agency Universal Twenty Two via a tax haven.

Abramovich was forced to sell Chelsea after Russia's invasion of Ukraine due to sanctions.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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