Chelsea have to be considered a “distressed asset” following the imposition of sanctions on Russian-Israeli owner Roman Abramovich and could face administration unless the transfer embargo placed on them is lifted at the end of May, a football finance expert has said. This list includes Roman Abramovich, the owner of Chelsea Football Club. Chelsea recorded a pre-tax loss of £155.9million in the latest set of accounts, with wages rising to £333million. Roman Abramovich has ploughed more than £1.5billion into Chelsea (Adam Davy/PA)“The bottom line is that the football club can’t survive without (Abramovich) and his ownership because of the way he puts money into them,” Dr Wilson added. “That’s what a new owner would look for, unless they’re prepared to spend lots and lots of money and then lose lots and lots of money on a football entity.

Source: Express March 10, 2022 16:28 UTC