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Chelsea 'could go bust' over £1.5bn costs if sanctions are imposed on Roman Abramovich

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www.dailystar.co.uk

Chelsea could go bust if the British government decides to impose sanctions on owner Roman Abramovich in the wake of Russia's invasion of Ukraine.

The billionaire is facing intense scrutiny due to historic links to Russian president Vladimir Putin and one minister has spoken in parliament about freezing and even seizing some of his UK-based assets.But If a crackdown comes, or if Abramovich decides to sell Chelsea altogether, he would have the right to claim back the £1.5billion the club still owes him.Even with the prospect of a new owner stepping in afterward, a debt that size would likely put the London club out of business, according to The Times."If [Abramovich] feels he is being made a scapegoat for the activities of Putin then the worst-case scenario is he tries to call in the loan," said Liverpool University football finance lecturer Kieran Maguire."Then we've got a crisis.

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