Russian oligarch Roman Abramovich is apparently unable to pay the required £10,000 rent to Queen Elizabeth over the land where his mansion is built.
The billionaire owner of Chelsea FC is one of a number of Russian's who have been hit with sanctions from the UK Government following the invasion of Ukraine by Russia.
The hefty sanctions have seen Abramovich's assets including the premier league club, frozen, for his alleged relationship with Vladimir Putin and the Kremlin.
However, the problems continue for the Russian businessman as he is allegedly unable to pay rent for the land belonging to The Queen on which his £107million mansion is located.
According to the Wall Street Journal, Abramovich is therefore at risk of losing yet another one of his sizeable assets on UK soil.
Abramovich’s 15-room London home is within walking distance of Kensington Palace, home to Prince William, according to Daily Star.
The oligarch is the owner of the stunning mega mansion, but owes the Queen a £10,000 yearly sum under a 125-year lease due to the land belonging to the Crown Estate.
The sum will reportedly rise to £160,000-a-year at a later date.
But while his enormous wealth previously meant the rent was a non-issue, sanctions preventing oligarch money being accepted has landed Abramovich in another sticky situation.
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.
It 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.
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