Roman Abramovich: Charity set up to oversee frozen £2.35bn from Chelsea sale

A new charitable foundation aimed at breaking the deadlock between Roman Abramovich and the UK government over the frozen £2.35billion from the sale of Chelsea has formally submitted its application to the UK Charity Commission.The Foundation for the Victims of Conflict, as it has been named, will be overseen by Mike Penrose, a former UNICEF executive, and includes several other high-profile trustees.Advertisement