Chelsea has recorded pre-tax losses in excess of over £90 million from March 2, 2022, to June 30, 2023, showcasing the club’s precarious position regarding Financial Fair Play (FFP) and profit and sustainability guidelines.
The losses are disclosed in the accounts of BlueCo 22, established by Todd Boehly and the Clearlake Capital investment group to acquire Chelsea and Racing Strasbourg in Ligue 1.
BlueCo 22 reports net after-tax losses of £653 million for the period spanning March 2, 2022, to June 30, 2023.
Chelsea’s club accounts are pending, but the BlueCo figures underscore the FFP risk faced by the Stamford Bridge side.
Clubs are currently allowed to incur losses of up to £105 million over three years. In the previous reporting period, Chelsea declared losses of £121.4 million.
Chelsea will have to sell some academy prospects to raise £100m to ease the pressure over violation of premier league’s Profit and Sustainability Rules (PSR)
Despite the club’s confidence in remaining compliant, reports suggest they need to offload approximately £100 million worth of players to achieve financial balance by the end of June.
Consequently, players like Conor Gallagher and Trevoh Chalobah may depart Chelsea this summer to ease budget constraints.
A statement from the club, as reported by The Telegraph, asserts their belief in adhering to the Premier League’s Profit and Sustainability Rules (PSR) and UEFA’s FFP regulations.
“The club continues to balance success on the field together with the financial imperatives of complying with Uefa and Premier League financial regulations. The club has complied with these financial regulations since their inception in 2012 and expects to do so for the foreseeable future.”
