CHELSEA will today beg the Government to ease sanctions on them amid fears the club could go bust in just SEVENTEEN DAYS.
The Blues’ billionaire owner Roman Abramovich was hit with several sanctions earlier this week and had all of his UK-based assets – including Chelsea – frozen due to his relationship with Russian President Vladimir Putin.
Roman Abramovich has been slapped with sanctions from by the Government
Abramovich is currently barred from selling the club, although the Blues brass will reportedly ask the Government for a special license to sell up.
That’s according to The Daily Mail, who claim the club’s current cash reserves will burn out in a mere 17 days due to the sanctions imposed on them.
March 26 is currently the date the Blues are set to run out of dosh – which has prompted Chelsea chiefs to beg the Government to allow them to sell the club in a desperate bid to avoid going out of business.
Chelsea’s currently pay out a whopping £28million a month on wages for their star players.
But recent accounts have shown the west Londoners currently on have £16million in the bank.
The Blues are currently in financial chaos as the sanctions imposed on them will see them miss out on £600,000 per match day.
And shirt sponsors Three have temporarily suspended their £120m deal following the crackdown on Abramovich – who has been accused of being a Krelim crony of Putin’s.
Abramovich put the club up for sale for £3billion in the wake of Putin’s illegal invasion of Ukraine.
But Government sanctions currently prevent the 55-year-old from cashing in on the SW6 outfit.
The Government, however, will allow the oligarch to pass on ownership of the club so long as he doesn’t pocket a penny from the sale.
Digital minister Chris Philp said: “As the licence conditions are written today the sale would not be allowed.
“If a buyer emerged then it would be open to that buyer or to the football club to approach the Government and asked for the licence conditions to be varied in a way that allowed that sale to take place.
“But to be clear, no proposal would be accepted which saw the proceeds of any sale ending up in an unrestricted bank account owned by Abramovich. He can’t benefit from the proceeds of any sale.”
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