
The UK government have eased their spending restrictions on Chelsea after seizing the club from Roman Abramovich.
The Sun says WChelsea were in danger of plunging into administration after the Government's stringent licence limited funds to meet their £28m monthly wage bill and all other outgoings.
But MPs yesterday revealed that two days of negotiations with club chiefs had resulted in a revised licence which will now allow the Blues to access previously FROZEN television and prize money.
Chelsea are permitted to use all the potential £35m in TV income from the Prem and Uefa until the end of the season PLUS all prize money they are due from domestic and European competitions.
They are set to pocket £39m from the Prem if they stay in third place — and up to £36m if they retain their Champions League crown.
That adds up to a potential £110m, effectively confirming they will not slide into the red and risk defaulting on payments that could see administration and a nine-point deduction.
Department for Digital, Culture, Media & Sport officials have also lifted the £500,000 cap on matchday outlay to £900,000 per game.
And while the limit of £20,000 on away travel expenses remains, the Government is set to increase it if Chelsea convert their 2-0 first-leg advantage over Lille in the last 16 of the Champions League into quarter-final progression on Wednesday.
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