Credit: Imago

Jack Dawson

Wed 22 April 2026 20:30, UK

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Liam Rosenior was sacked on Wednesday at Chelsea as supporters continue to call for the sale of the club.

However, their managerial situation, combined with the Blues’ poor finances, means any chance of a sale is simply not an option, according to Keith Wyness.

The former Everton chief executive insists that Chelsea are currently a “ticking time bomb” due to the debt they are in, and their current issues with the dugout have only damaged their attractiveness to a new buyer.

Fans have protested against the ownership in recent months, with the club nowhere close to being one of the top teams in England once more.

BlueCo has owned Chelsea since 2022 and is now facing its biggest crisis since the takeover.

Keith Wyness: Chelsea sale is not an option

While BlueCo has been criticised in recent months, they have invested plenty into the squad since coming into the club.

Close to £2billion has been spent on new players, which has seen the Blues make some massive losses.

Yet, despite spending all this money, the club are on course to miss out on Champions League football, which no doubt led to Rosenior’s dismissal.

Now, with the club in crisis, and fans gunning for a sale, Wyness has exclusively told Football Insider that this is simply not possible.

He said: “Now, looking at the whole situation. Selling up, I don’t think, is an option because of the financial mess that the present owners have got them into.

Club statement: Liam Rosenior

— Chelsea FC (@ChelseaFC) April 22, 2026

“They are in what I would call a ticking time bomb of debt. They have what they call a PIK loan of £600million. PIK means payment in kind, and it accrues about 11-11.5 per cent every year. And that could grow from £600m to £1.4 bn, in fairly short order.

“So there’s a debt bomb that’s ticking right there. Also, the whole change of manager, the whole unhappiness in the squad, you know.”

What will the players think of BlueCo?

Wyness exclusively told Football Insider that the players will now start to question BlueCo after Rosenior was sacked.

He insists that the ownership must take the blame for the poor appointment, especially after the dismissal of Enzo Maresca, who was liked by many of the stars.

Now, Chelsea will have to prepare for an upcoming FA Cup semi-final with no permanent manager in the dugout.

If form does not pick up, there is also a chance that the Blues miss out on Europe altogether, after falling to seventh in the table.

However, it remains to be seen if Chelsea are able to recover from their current predicament.