By Kieran Maguire

24th Jun, 2022 | 10:45am

Kieran Maguire: Chelsea have 'tax' problem as £100m set aside

Bruce Buck and Marina Granovskia may have left Chelsea with a reduced package because of the club’s apparent outstanding tax issues.

That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about the latest complications stemming from the Todd Boehly-fronted consortium’s takeover of the West London club.

Boehly’s £4.25billion acquisition deal was completed late last month (28 May) after months of uncertainty following the UK Government’s sanctions against now-former owner Roman Abramovich.

The Times reported on Friday (24 June) that, because of the hurried nature of the transition of power, the new regime have only just identified an area of concern relating to the club’s tax affairs.

It is understood that Boehly’s group set aside £100million from the takeover price in case of any unforeseen liabilities.

Per the Daily Mail on Monday (21 June), chairman Buck and director Granovskia are set to miss out on millions in bonus payments following their recently-confirmed exits.

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And Maguire suggests that the Blues’ tax issues may explain why.

“This does seem a bit odd because normally, in any corporate activity, having a good succession plan is good practice,” he told Football Insider’s Adam Williams.

“If Boehly came in and utilised Buck and Granovskia and their experience, that would normally ensure more of a smooth transition. This has increased operational risk.

“Another reported reason for their £50m package being reduced is because there are outstanding tax issues in relation to the takeover.

“That is why £100m has been set aside before those issues are resolved due to the complexity of the corporate set-up at Chelsea. It’s about overseas companies owning the club and who owns those companies and so on.

“So the Boehly group as part of their due diligence are entitled not to want to be on the books for potential tax liabilities, and that is why the money is being held back.”

In other news, medical expert claims 18 Chelsea stars “at risk” amid “absolute nightmare” claim.