Chelsea officials fear entering administration after UK government seizure

Football
13 Mar 2022 • 5:55 PM MYT
Tribal Football
Tribal Football

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Chelsea officials fear entering administration as the UK government's seizure of the club plunges them into uncertainty.

The Daily Mail says club insiders are worried that they could end up in administration and incur a nine-point penalty if further changes are not made.

Payday for players and staff is on April 1, with Chelsea's monthly wage bill approximately £28million. While there are reserves to pay players next month, at present the only cash-flow Chelsea have are their broadcasting revenues from the Premier League and prize money from UEFA and the FA for progressing through their respective cup tournaments, the latter being allowed by Saturday's clarifications.

Hyundai became the latest sponsor to suspend their marketing activities with Chelsea on Saturday, while the Premier League disqualified owner Roman Abramovich as a club director as the turmoil engulfing the club continued.

Manager Thomas Tuchel is continually emphasising to the players the need to focus on what they can control, on the pitch, but there remains a degree of shock in the dressing room, with players unsure about their own future and the trajectory of the club under new owners.

Despite some easing of Government sanctions on Saturday, Chelsea still cannot sell unsold tickets for forthcoming games, which is said to be crucial for generating sufficient cash flow, with sources close to the club indicating that they will go into the red very quickly and that the club would be in grave danger unless the Government relent.


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