/cloudfront-eu-central-1.images.arcpublishing.com/larazon/TDIQ222LMVD5ZGFXEU7IOXG3NY.JPG?fit=%2C&ssl=1 "Banks paralyze Chelsea accounts and credit cards")
Barclays has temporarily suspended activity on Chelsea’s bank accounts and credit cards waiting to assess the situation after the special permission granted by the British Government so that it can continue operating. The club says it is hopeful the suspension will be lifted soon.
The Barclays bank account is in the name of the club, but the owner is Roman Abramovich and that is why the bank has decided to freeze the accounts and the cards.
The current situation of the club places it on the verge of bankruptcy in the event that the blocking of its accounts is not lifted soon. It is estimated that he has liquidity to face the next two games after the British Government gave him special permission to continue operating in basic operational matters, which is all that guarantees that he can continue competing.
Those expenses are limited. For example, it only allows him to spend 20,000 euros on travel for each game. If the blocking of accounts and credit cards is not lifted soon, the club runs the risk of not being able to meet day-to-day running costs.
In that case, he could go into bankruptcy proceedings, which would also entail a nine-point sporting penalty, which does not compromise his survival in the Premier, but does compromise his presence in the Champions League next season.
Chelsea has also suffered the flight of several sponsors. Three, the main sponsor that was on the shirt, has been the first to temporarily suspend its collaboration with Chelsea, what leaves you without 45 million euros per year. Hyundai, which contributed twelve million euros per year, is also leaving. Nike is the only one of the big sponsors that continues to support Chelsea.
The only good news for the current European champion is that the British Government has given permission for the sale process to resume who can unlock the club. For that demands that Abramovich not obtain any economic benefit from that sale.
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/cloudfront-eu-central-1.images.arcpublishing.com/madsack/DQG626RU2M26CMXJDM2E2LH2BQ.jpg?resize=150%2C150&ssl=1 "New York celebrates the fight against the pandemic with a major concert")