Roman Abramovich ‘can’t’ pay Queen £10,000 rent he may owe for £107m mansion

Billionaire oligarch Roman Abramovich has reportedly run into financial difficulties after being hit with tight sanctions for his alleged relationship with Vladimir Putin and the Kremlin

Chelsea owner Roman Abramovich reportedly is unable to pay the Queen the £10,000 rent for the Crown Estate land his £107million mega mansion is built on due to sanctions

• 19:41, 13 Mar 2022

Chelsea owner Roman Abramovich can’t pay the Queen the £10,000 rent he may owe for the land his £107million mega-mansion sits on.

The UK Government hit the cash-strapped oligarch with tight sanctions earlier this week in response to his alleged ties to Vladimir Putin and his Kremlin cronies.

The sanctions included a total freezing of his assets, including Chelsea football club.

But now it has been reported that the Russian businessman is unable to pay rent for the Crown Estate land under his 15-room Kensington mansion, the Daily Star reports.

The rent arrear puts Abramovich at further risk of losing another sizeable asset on UK soil, the Wall Street Journal reports.

Abramovich’s London estate is just a short walk from Kensington Palace – home to Prince William, Kate Middleton and their children.

Abramovich has been sanctioned for his alleged ties to Vladimir Putin and his Kremlin cronies

Image: PA

The oligarch is the owner of the stunning mega-mansion but potentially owes the Queen a £10,000 yearly sum under a 125-year lease due to the land belonging to the Crown Estate.

The Daily Star reports The sum will reportedly rise to £160,000-a-year at a later date.

While his enormous wealth previously meant the rent was a non-issue, sanctions prevent the oligarch’s money from being accepted.

If the debt remains unpaid it could rise to £160,000 by next year (Image: Ben Cawthra/LNP)

Do you think the sanctions against Russian oligarchs will remain in the long term? Let us know in the comments section.

The Blues owner was aware of the risk in recent months and attempted to sell the property to no avail.

It is understood that if the sanctions remain in place and Abramovich is unable to pay the Queen, the Crown Estate can sue him and confiscate the property.

In the event of the debt remaining unpaid, the Queen could sue him and confiscate the property, it is understood

This follows the Russian being unable to sell Chelsea for a profit while the club is also extremely limited in their income sources and expenditure.

Abramovich suffered more humiliation this week after being disqualified as a director of the Stamford Bridge side by the Premier League.

The oligarch did not respond to the announcement of sanctions against him and Abramovich’s lawyers argued before the invasion of Ukraine that he did not fit the criteria for sanctions, saying it was “ludicrous to suggest that our client has any responsibility or influence over the behaviour of the Russian state”.

Fred is angry: 24th February 2022 RASPutin, your friend/associate or whatever, invaded the sovereign state of Ukraine….it is 14th March 2022 and mayhem abounds; many people are now dead, injured, refugees…and you say you have no case to answer. Sorry. The World says you have. Oligarchs are part of the “Gang” in Kremlin. Checka…the code of conduct of the KGB may not apply to you but your leaders remain bound by it. It is GENOCIDE … Mr Abramovich