However, after the sale, this amount never reached Abramovich's bank account and has since been held by the British authorities.
Liz Truss, a brief British prime minister, has announced that the British government will confiscate frozen Russian assets in the United Kingdom and redistribute them to those affected by the Russian military operation in Ukraine.
She also said that Britain would never lift sanctions against Abramovich.
The UK authorities announced this week that they are in the process of transferring proceeds from the sale of Chelsea to UK charities of their own choosing.
According to reports in the British media, Abramovich is not allowed to participate in any discussions surrounding the donation of funds and the authorities say he will not be allowed to take any part in the distribution of funds.
This will be the first attempt by the UK authorities to permanently confiscate and redistribute the sanctioned assets.
Details regarding the fund that will receive the said $3.2 billion have not yet been released.