Chelsea has been fined £10.75m, received a suspended ban on signing first-team players, and imposed an immediate nine-month academy transfer ban by the Premier League for violating financial rules during Roman Abramovich’s ownership.

Britain has given Russian oligarch Roman Abramovich a final chance to transfer £2.5 billion ($3.33 billion) from the sale of Chelsea Football Club to Ukraine, or face potential legal action.

The UK government is threatening legal action to ensure that the proceeds from Roman Abramovich's sale of Chelsea FC are directed to support victims of the war in Ukraine.

The UK government has warned former Chelsea Football Club owner Roman Abramovich that it may take legal action to ensure the £2.5 billion proceeds from the club’s sale are used to support Ukraine.