Top sports lawyer breaks down how oligarch-owned Chelsea could be insolvent in weeks

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Top sports lawyer breaks down how oligarch-owned Chelsea could be insolvent in weeks | BISouthAfrica

If not, there is a risk it could fall into insolvency, a leading sports lawyer told Insider. For more stories,Chelsea FC could be insolvent within weeks if the club isn't sold, says a top sports lawyer based in the United Kingdom.

Despite the sanctions, the UK government has said it remains open to Abramovich selling the club, so long as the profits do not go to him and a suitable buyer can be found. "If the sale — which would enable any new purchasers to then inject money into the club — does not go through, then it will be in an insolvency scenario with an administrator being appointed, who would oversee the sale in the same way that an administrator is overseeing the sale of Derby County, for example."

 

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BISouthAfrica Good go to Russia and ask putin to refund you for your efforts 👌 ps. he is still bombing the free world 🌎 so go live like ordinary Russians with all the perks of human rights in that country.

BISouthAfrica Disgusting!!

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