24 HOURS TO SAVE CHELSEA: There are major developments in the footballing world today as the U.K. government warns that if a deal to sell Chelsea is not closed imminently then the club may be barred from the Premier League next season. The government is due to approve the £4 billion sale to a consortium led by American investor Todd Boehly, but a senior Whitehall insider briefs the FT's George Parker it “still has major hurdles to overcome” as Portuguese authorities also have to approved the deal due to current owner Roman Abramovich’s citizenship in that country. The U.K. government is now in intense discussion with Portugal and the European Commission to provide them the assurances they need to licence the deal.
One government source struck a very somber tone: “It’s transfer deadline day for Chelsea and I’m seriously worried about the outcome. If the deal doesn’t get final sign off today, the sale probably can’t happen in time — that could mean Chelsea out of the league. Even if HMG grants the licence today, it’s not clear that Portugal will do the same. It’s going to come down to the wire, and unless something changes I’m not optimistic.”