Report claims Chelsea are at risk of folding as a club unless it's sold by a specific date

Chelsea could crumble from the top down unless Roman Abramovich sells before the 31st of May.

This is according to the Sun, who claim Abramovich needs to find a buyer for the Blues or risk packing up the club entirely.

Roman has really done it now

The Russian lost the rights to his London organisation yesterday, as the government shackled him with serious sanctions.

Before his assets were frozen, the 55-year-old was trying to sell Chelsea to the highest bidder.

Photo by Marc Atkins/Getty Images

Numerous names came forward, with some even subjecting offers to buy the business.

Abramovich must now wish he’d accepted one of the proposals, as he looks from afar as his 19-year project faces major uncertainty.

Most of the concerns revolve around the institution’s ability to battle against all the financial implications without the support of its former owner.

Their monthly wage bill reportedly stands at £28m (Sun), with a large slice of this taken up by the players.

Three, Chelsea’s shirt sponsor, asked to be removed from the team’s kit following the Abramovich announcement, meaning another source of revenue is out the window.

Premier League and UEFA prize money shall also apparently be blocked.

What will happen if Abramovich doesn’t sell?

A government licence means all employees will be paid and the team can play until the end of the season.

However, this coverage ends in 82 days starting from now.

Failure to find a successor to Abramovich’s empire and Chelsea might be on the brink of extinction.

Photo by Paul Gilham/Getty Images

He must locate another wealthy investor to take his place, otherwise, the licence will not be renewed.

This is an unprecedented time for all those associated with the company.

Chelsea have usually set back and witnessed the misfortunes of other Premier League sides.

But with the shoe on the other foot, it’s not a nice feeling being out in the cold.

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Nathaniel is a football journalist who graduated from the University of Derby. He has worked at Burton Albion as part of their media team for two years. Nathaniel produces regular articles for the club’s official website and match-day programme. He covered the 2018 U20 Women’s World Cup in Brittany and has reported from grounds ranging from non-league up to the Premier League.