Chelsea are facing the threat of a Premier League points penalty after posting losses that leave them at risk of breaching Financial Fair Play rules.
Article continues below
Article continues below
Article continues below
Premier League giants have spent bigStruggling to balance the booksMay have to sanction summer salesWHAT HAPPENED?
The Blues have revealed that a £90.1 million ($115m) loss was made in the 12-month period up to June 30, 2023. The west London outfit were £121.4m ($154m) in the red for 2022, with debt beginning to stack up at Stamford Bridge.
AdvertisementGettyTHE BIGGER PICTURE
The latest accounts have been revealed by BlueCo22, the company through which Clearlake Capital and Todd Boehly acquired the club from Roman Abramovich. The company, which also owns French side Strasbourg, have announced a huge £653m ($833m) loss after tax between March 2022 and June 2023.
DID YOU KNOW?
Chelsea have already faced questions of how they can adhere to Financial Fair Play (FFP) and Profit and Sustainability Rules (PSR) rules after spending over £1 billion ($1.3bn) in the transfer market under their current owners. The latest figures have added to those concerns.
Getty Images WHAT CHELSEA SAID
The Blues remain adamant that they are operating inside the rules, saying: “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.”