ROMAN ABRAMOVICH has told his US bankers to push ahead with Chelsea’s sale after the Government put him in a financial headlock.
Billionaire Red Rom last night instructed Raine Group to tell bidders to submit offers by next Friday — despite sanctions taking any profits or proceeds out of his hands.
Chelsea’s bank accounts have been frozen as part of the sanctions placed on Roman Abramovich Credit: PA
Chelsea fans expressed their anger as the club suffers due to the owner’s sanctions Credit: The Mega Agency
Chelsea saw their corporate credit cards blocked on Friday Credit: Reuters It came after Chelsea’s corporate credit cards were briefly FROZEN as Barclaycard feared allowing the Blues to trade would mean they were breaking the law.
Bankers temporarily suspended the corporate cards in a “risk averse” response to UK sanctions slapped on Putin’s pal.
Chelsea are haemorrhaging cash after the club was banned from selling tickets and merchandise — and telecom firm sponsors Three pulled out of their £40million-a-year deal.
The club were also told they must meet all their bills, including player wages, from the current bank balances.
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Abramovich ‘to SELL Chelsea despite sanctions’, Blues ‘face financial ruin’ And with a £28million-a-month wage bill, the team has reportedly just over two weeks to find a new buyer or go into administration.
The £2.5billion sale of the Prem giants had been suspended following sanctions, with the UK Government insisting Abramovich cannot make a single penny from it.
Raine will now ask the Government to grant a licence to push through a sale in the next six weeks to stop the Blues falling into administration.
The credit card issue was being resolved last night after being confirmed as a misunderstanding, while club officials emphatically denied claims Chelsea’s bank accounts had been placed on hold.
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While Prem bosses accept reassurances that no action will be taken by the Government that could harm Chelsea’s ability to complete the season, the consequences of sanctioning Abramovich were becoming more severe.
The Blues are allowed to receive their next batch of TV fees — worth an upfront £5million per month from the Prem’s deal and potentially £20m more by Uefa.
But they CANNOT touch ANY of that money to pay bills.
The same applies to payments for loan deals and transfers from other clubs.
And it means Rom has been left in no uncertain terms that he is expected to hand over control of the club to a buyer within days — even though any funds raised would be effectively held by the Government.
Chelsea met Whitehall officials yesterday and asked for changes to the licence that will allow them to finish the season.
The Government is understood to be open to increasing the £20,000 cap on travel costs for away games and £500,000 that can be spent on ensuring home fixtures go ahead.
But there is thought to be more resistance to allowing Chelsea to sell tickets, including potential future Champions League matches.
Chelsea are urging “common sense” from Ministers, arguing that the best way of ensuring the highest price for the club — which would mean more proceeds for humanitarian causes — is if it is allowed to be run “normally”.
Further talks are scheduled for today.
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We’ve been fined £25,000 after neighbours whinged about our luxury B&B One source said: “We don’t want the fans to be unduly worried about the survival of the club.
“This is about putting pressure on Roman Abramovich and ensuring the takeover is done quickly.”
Source: Soccer - thesun.co.uk
