Chelsea have learned that their takeover must be wrapped up by early next month or they will be unable to compete in the Premier League next season.
Representatives of the league will meet on June 8 to outline the new campaign - and if the Blues are inoperational at that point they run the risk of not being able to feature, according to the Mail on Sunday.
Reporter for the publication, Rob Draper, wrote online: “The Premier League meet on June 8th to constitute the new league for 22-23.
If Chelsea aren’t licensed to operate by then - and they are only licensed now on UK Govt sufferance - then they can’t be part of PL.
Read more on dailystar.co.uk