Chelsea may be performing to a decent level on the pitch, but there are some major question marks over the short-term future of the club off of it.
Their owner Roman Abramovich has been put under heavy sanctions by the British Government as a response to Russia's invasion of Ukraine, with the football club now being classified as a 'frozen asset' as a result. This essentially means that they cannot bring in any new revenue, while their spending power has also been severely restricted.
The outlook for Chelsea looks very grim as a result, with attempts being made to quickly find a buyer for the club so that the sanctions can be lifted. They will be in a lot of trouble if they fail to do so.
Speaking on Sky Sports this afternoon, journalist Matt Law said that Chelsea may only last two or three weeks if a buyer is not found.
🗣 "The immediate future before a sale is pretty grim. If there weren't to be a sale they probably have two or three weeks max."@Matt_Law_DT on Chelsea's financial situation and potential buyers of the football club pic.twitter.com/wyIowEisi4
— Football Daily (@footballdaily) March 13, 2022
The immediate future before a sale is pretty grim, to be honest with you.
They can't bring in any revenue at the moment and that includes operational revenue. If there weren't to be a sale, they've probably got two or three weeks max.
They're reliant on a sale, so that's got to be the focus now. They've got to sell the club, that would go a long way towards alleviating their problems...
At the moment we know that Todd Boehly, who is a part owner of the LA Dodgers, has made a bid of between £2billion and £2.5billion.
There is the Rickets family, another American, and Woody Johnson who owns the New York Jets. They seem to be the frontrunners.
Nick Candy, a British businessman who I believe is here today and is a season ticket holder, he has made public the fact that he wants to make a bid.
Raine, the commercial bank who are in charge of the sale for Roman Abramovich, they say that they have had interest from over 200 parties at the moment.
It has been said that the closing date for new bids will come next week, from which point a preferred buyer will be chosen.
A deal will have to then be completed quickly if the future of Chelsea is to be secured.
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