Three pulls out as sponsors of Chelsea, which is now a ‘distressed asset’, says finance expert

The club could face administration unless the transfer embargo placed on them is lifted at the end of May, a football finance expert has said.

Chelsea owner Roman Abramovich was sanctioned by the Government on Thursday, putting the Stamford Bridge club’s future into doubt (Stefan Rousseau/PA)

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.

The Government has frozen the assets of the Blues owner due to his association to Russian president Vladimir Putin, who launched an invasion of Ukraine two weeks ago.