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Chelsea's Money Could Run Out In Just 17 Days Time

Ryan Sidle

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| Last updated 

Chelsea's Money Could Run Out In Just 17 Days Time

Chelsea will ask the government to allow them to be sold from Roman Abramovich, with the club in danger of running out of money.

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On Thursday, Chelsea were left shocked by the sudden announcement that Abramovich was having his assets seized, with the club obviously being amongst them.

The news means that they can't buy or sell players, even renew contracts and they can't even sell tickets for matches, or merchandise.

Whilst a 'general licence' has allowed them to continue to operate in order to play matches, and play players, the fact the club can't currently be sold could lead to some huge issues.

According to the Daily Mail, the Blues pay out wages as much as £28 million-a-month, and the club's cash reserves reportedly stand at just £17 million.

With no money able to come into the team, and without Abramovich being able to sell, they could in theory be out of money in just 17 days time.

Chelsea players clap their fans, after beating Norwich City on Thursday. Image: PA Images
Chelsea players clap their fans, after beating Norwich City on Thursday. Image: PA Images

The club are set to hold conversations with the government of the terms of their general licence and are hoping to have it amended, to help them run more normally.

At the moment, the lack of ticket sales means that only season ticket holders can go to games, which also excludes away supporters from visiting Stamford Bridge.

A softening of the sanctions, along with being able to sell merchandise, would certainly ease issues, which have also led to one prediction they could go into administration.

Chelsea could also still be sold, despite Abramovich's sanctions, if the Russian billionaire can prove that he won't be benefitting in any way by the sale.

Abramovich isn't even able to sell the club. Image: PA Images
Abramovich isn't even able to sell the club. Image: PA Images

The 55-year-old is said to want around £3-4 billion in order to sell the European champions, who he's owned since 2003 and won five Premier League titles with.

He has reportedly waived the £1.5 billion the club owe him and said that the 'net profit' of any sale would go to the 'victims' of Russia's invasion of Ukraine.

The west London side were hit by further financial losses late on Thursday, when shirt sponsor Three revealed that they would be suspending their sponsorship.

Kit supplier Nike could be next to remove themselves from the team, with the American's holding a £540 million deal with the Premier League side.

Featured Image Credit: PA

Topics: Premier League, Chelsea, Roman Abramovich

Ryan Sidle
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