By Dr Dan Plumley

7th Nov, 2022 | 5:04pm

Finance guru: Chelsea situation 'out of control' as payments now overdue

The government’s handling of the redistribution of the funds from the Chelsea takeover in May to the victims of the war in Ukraine has been “really poor”.

That is the view of finance expert Doctor Dan Plumley, speaking exclusively to Football Insider about the £2.5billion seemingly still frozen in Roman Abramovich’s company account.

Abramovich was forced to action a quick-fire sale of Chelsea in May, three months after he was sanctioned by the UK government for his links to Vladimir Putin.

The oligarch promised that the proceeds from the deal would be donated to humanitarian causes in Ukraine.

It was reported in August that the cash had still not been received by the victims of the war.

But as revealed by Football Insider on Thursday (3 November), the latest from Whitehall is that there has been no progress in this department despite the payments now being long overdue.

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Plumley argues that, while the situation is “out of Chelsea’s control”, the government’s management of the money has been lamentable.

“It’s really poor,” the Sheffield Hallam University expert told Football Insider’s Adam Williams.

We predicted this might be the case but it’s still a bad look all around.

You can’t blame the club for this because it’s completely out of their control. They have kept their side of the bargain.

We know these things can get dragged out and administrative processes and legal stuff gets in the way.

You would hope everything is being done to get this over the line as quickly as possible. But if we look at the timing, the original deal was in May and we’re now in November.

In other news, Kieran Maguire predicts “desperate” Chelsea could pay “well above market price” after source’s £50m reveal.