Following the sanctions imposed on big Russian businessmen, Chelsea’s bank accounts have been frozen.
UK government had sanctioned the club owner, Roman Abramovich.
The club have been given a special license to continue playing football, but a proposed sale of the club is not feasible at the moment.
The special license expires on May 31 2022, but HM Treasury may vary, revoke or suspend this license at any time.
Meanwhile, the club’s bank accounts have now been frozen as the club slide in financial crisis, the UK Times reports.
Despite the license allowing Chelsea’s day-to-day activities to continue, several of the club’s corporate accounts, including credit cards have been frozen.
This is due to banks being ‘risk-averse’.
A source told the paper: “The licence allows the club to continue with day-to-day activities but the banks don’t have the risk appetite for it.
“They’ve frozen some of the corporate credit cards. It puts a lot more pressure on the club.”