Important to note with Chelsea's forthcoming tax bill, the liability is effectively on the old regime. Due diligence was done at such speed that when (days before the license issued) this outlay became apparent, over £100 million was withheld from the sale price to foot the bill.
It's on the new regime to pay what is owed, but they will basically deduct it from the overall agreed price established before they knew about/factored in this tax bill, and the amount earmarked is believed to be well below the number they'll have to pay.
It would be bad news if they bought the club for the same price without knowing about a large tax bill. But since paying it has been factored in to the overall price, without raising it in any way, it just means there is less in the Government fund (just over £2.3 billion).
In a traditional takeover, with ample time, it's very normal during the due diligence process to amend the sale price or uncover additional liabilities. But this sale was done so fast that once the old regime disclosed a likely tax bill, funds were set aside to cover it.
Chelsea remain comfortably within FFP and the Premier League's profit and sustainability rules. Sources say they always knew a tax bill was coming later this year, but the precise amount was somewhat of a mystery, which again is why ample funds were set aside.
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