Chelsea fear they might not be able to pay their bills despite the refining of Government sanctions intended to help them complete the season and are now worried that they could end up in administration and incur a nine-point penalty if further changes are not made.
Payday for players and staff is on April 1, with Chelsea’s monthly wage bill approximately £28million. While there are reserves to pay players next month, at present the only cash-flow Chelsea have are their broadcasting revenues from the Premier League and prize money from UEFA and the FA for progressing through their respective cup tournaments, the latter being allowed by yesterday’s clarifications.