Roman Abramovich, the billionaire owner of Chelsea Football Club, has bought a £30 million penthouse in London despite being unable to renew his visa.
Abramovich snapped up a 6,000 sq ft residence near Stamford Bridge stadium, with floor-to-ceiling windows and 360-degree views up and down the Thames, the Times reported.
The steel magnate faced delays to his investor visa renewal this year amid worsening relations between London and Moscow.
Abramovich is believed to have withdrawn his visa application and acquired an Israeli passport, which allows him to make short trips to the UK without a visa.
Roman Abramovich secured the apartment several months ago before his visa troubles. His architectural team and interior designers are reportedly making it fit for the oligarch, suggesting he does not intend to quit the UK.
The tower is at the centre of a building site with the entire development not likely to be completed until 2021.
The Chelsea Waterfront development includes the two-chimney Lots Road power station, which until it was decommissioned in 2002 supplied power to the London Underground and is now being turned into flats, shops and restaurants.
Roman Abramovich has also paid £85,000 each for underground parking spaces. He will share the tower with 75 other apartment owners, although his property is by far the biggest.
The Waterfront development is one of a series of plans to regenerate west Chelsea alongside Berkeley Group’s Chelsea Creek, a 900-home development on the former Fulham gasworks, and the Hadley Property Group’s 92-home Chelsea Island development.