Skintski- Reports that Chelsea could quickly go burst
Soccer Football - Premier League - Chelsea vs Crystal Palace - Stamford Bridge, London, Britain - March 10, 2018 Chelsea owner Roman Abramovich in the stands Action Images via Reuters/John Sibley EDITORIAL USE ONLY. No use with unauthorized audio, video, data, fixture lists, club/league logos or "live" services. Online in-match use limited to 75 images, no video emulation. No use in betting, games or single club/league/player publications. Please contact your account representative for further details.
Both The Sun and the Daily Mail are speculating about Chelsea going burst after the Tory Government finally sanctioned Roman Abramovich.
For two decades the west London club have bought their way to football success bankrolled by the finances of one of Vladimir Romanov’s closest friends and biggest supporters.
Abramovich has barely said a word in public since buying Chelsea for £140m to usher in the most successful period in their history. Now the club could pay the ultimate price for those trophies.
Chelsea could FOLD if sanctioned Roman Abramovich does not sell club in 81 DAYS https://t.co/zm8YSFKzDN
— Joe McHugh (@videocelts) March 11, 2022
‘This is the end of Chelsea as we know it’: Devastated Blues fans react to sanctions imposed on Abramovich https://t.co/ggOHGt0vuL
— Daily Mail U.K. (@DailyMailUK) March 10, 2022
Mobile phone firm Three AXES £40m shirt deal with Chelsea https://t.co/laCeXHD6Gp pic.twitter.com/2FAHFXJTlk
— Daily Mail U.K. (@DailyMailUK) March 10, 2022
Sanctions imposed yesterday threaten the day to day running of the club such as the sale of tickets and merchandise.
With Three suspending their short sponsorship and Nike reviewing their 15 year kit deal there is the prospect of a domino effect leaving the club unable to meet invoices.
Chelsea are reported to have a monthly wage bill of £28m, in normal football clubs this stage of the season is when reserves are at their lowest.
Last summer Chelsea committed to paying £97m to Inter Milan for Romelu Lukaku, it is highly unlikely that that fee was paid up front during a pandemic with the Italian club likely to be sweating on how that deal will be honoured.