March 8 – With their manager under pressure to do better given the club’s staggering £1 billion spend, mid-table Chelsea have now announced pre-tax losses of £90.1 million in the first year under the US ownership of Todd Boehly and Clearlake Capital.
Chelsea’s parent company BlueCo 22 suffered net losses of £653 million after tax for the March 2022 to June 2023 period.
The loss for Chelsea in the 12-month period was lower than the £121.4 million pounds for the previous year but fuels concerns that the club are at risk of breaching the Premier League’s Profit and Sustainability Rules
Chelsea’s men’s team finished a disappointing 12th in the Premier League last season, resulting in a lower domestic broadcasting share. This season under new boss Mauricio Pochettino, the club have fared little better having been beaten in the final of the League Cup and still sitting in a mid-table position despite the eye-watering outlay on players.
Revenue increased largely thanks to the women’s team which won the Women’s Super League and Women’s FA Cup while they also reached the final of the Women’s League Cup.
“Despite the loss in the year and the continued fallout from the sanctions placed on the club in the prior year, the club continues to comply with UEFA and Premier League financial regulations,” Chelsea insisted.
But there are expected to be significant sales this summer to try and balance the books.
When asked on Thursday whether he has been given clarity on Chelsea’s summer transfer policy, Pochettino replied: “I don’t know. I don’t know because I need to be informed. Until today, we haven’t talked about that.
“Today the club announced the finances. This afternoon or tomorrow we will talk, and after tomorrow I will be informed for sure. But I don’t know what is going to happen.”
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