The Russian oligarch, UK football club, and billions of dollars in limbo

Selling one of the world's most well-known football clubs was meant to create a $4.8 billion lifeline for Ukrainians fleeing a Russian invasion.

Chelsea striker Didier Drogba takes on William Kvist of FC Copenhagen during the UEFA Champions League match at Stamford Bridge on March 16, 2011During his ownership, Chelsea dominated the Premier League, FA Cup, and the League Cup.When Russia invaded Ukraine, countries began to crack down on it and its allies.The Foreign, Commonwealth and Development Office was quick to move, labelling him "a designated person and therefore subject to financial sanctions".

Chelsea co-owner and chairman Todd Boehly is seen as the face of the club's new ownership, despite sharing stakes with other investors.A "consortium of investors", including LA Dodgers part owner Todd Boehly, had the winning bid with $8.2 billion — making it the most expensive team transaction in professional sports.

"When pressed on reasons for the delay ... the Minister for Europe told us that there is a 'disagreement' between the parties about who should benefit from the fund and where the monies should be spent," the report read.Mr Keatinge said the condition brought about an impasse. However, Mr Keatinge said the government was likely no closer to accessing the money than they were two years ago.

While some countries are keen to begin using money from frozen assets to begin paying for aid and weapons in Ukraine, others have questioned the legality of the move and what sort of precedent it could set.

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