UKGI provided support to DCMS and the Office for Financial Sanctions Implementation (OFSI) within HM Treasury in relation to the sale of Chelsea F.C., with the aim of allowing the UK Government to assess whether a license for the sale of the Club could be granted whilst maintaining the integrity of financial sanctions.
The intersection of the sanctions regime with a complex commercial transaction required expertise from UKGI’s corporate finance and legal employees, with the team analysing and providing advice on documentation to meet the UK Government’s conditions for a sale. UKGI worked closely with a wide range of officials and the Club to ensure the sale could complete ahead of the tight deadlines required.
The UK Government licensed the sale of Chelsea F.C. in May 2022.