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Daily Mirror
Daily Mirror
Sport
Freddie Keighley

Chelsea handed £110m cash lifeline by government - but Blues will need to earn funds

Chelsea 's fears they will not be able to finish the season have eased as they have been granted a £110million boost by government officials.

Stamford Bridge chiefs have been locked in talks to amend the terms of their special sporting license granted after their owner, Roman Abramovich, was added to the United Kingdom's sanctioned individuals list on Thursday.

The Blues are able to continue with football-related activities as part of this license but they are prevented from selling tickets or merchandise.

They were rocked by further financial blows later in the week with Hyundai and Three among the sponsors to suspend their deals with the club, while Barclays temporarily blocked their credit cards.

Given the lack of matchday and retail income combined with the freezing of Abramovich's assets, there were growing concerns Chelsea would be unable to finish the season.

Do you agree with the decision to ease the restrictions on Chelsea? Have your say in the comments...

The news comes as a major boost for Chelsea and allays fears they could slide into administration (AFP via Getty Images)

However, these fears have been allayed as the government has decided to allow the club to access television and prize money which was previously frozen.

That is according to The Sun, which claims Chelsea can use the potential £35million they could earn as television income from the Premier League and UEFA as well as the money they will be owed based on where they finish in the top flight and Champions League.

Thomas Tuchel's side sit third in the table and will collect £39million if they end the season there, while defending their European crown is worth £36million.

These sums add up to £110million in potential funds, all but confirming there is no longer the threat of administration - which would result in a nine-point deduction - hanging over the West Londoners.

The report adds the Department for Digital, Culture, Media & Sport (DCMS) has raised the amount Chelsea can spend on a matchday from £500,000 to £900,000.

The club are still capped at £20,000 for away travel costs but this could be increased if they reach the Champions League quarter-finals. The Blues face Lille in their second last-16 leg on Wednesday having won the first 2-0.

Chelsea's away travel expenses cap will reportedly increase if they move past Lille into the Champions League quarter-finals (Getty Images)

"We have said we would engage with Chelsea to understand what is needed to allow games to be played to minimise impact on the leagues and fans," a DCMS spokesperson said.

"Following extensive engagement with the club, we have made further operational amendments to the licence to do so."

As part of the adjustments to Chelsea's sporting license, they have been given permission to meet academy expenses, fulfil pension provisions for current and previous employees, and pay for other day-to-day running costs.

The Blues remain prohibited from selling tickets and Abramovich is required to sell the club after the Premier League disqualified him as a director on Saturday.

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