- Chelsea have reported a pre-tax loss of £90.1m after £121.4m the previous year
- Premier League rules limit clubs to losses of £105m over a three-year period
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Chelsea have revealed a pre-tax loss of £90.1m in the first full year under the club’s new ownership.
Accounts filed by Chelsea’s parent company revealed the loss for the 12-month period through to June 30, 2023.
Chelsea had made a loss of £121.4m the previous year.
The losses will raise further doubts over Chelsea’s ability to meet the Premier League’s profit and sustainability rules (PSR).
The rules limit clubs to losses of £105m over a three-year period.
Accounts filed by Chelsea’s ownership group, including Todd Boehly, have revealed losses
The group attributed their losses as being driven by investment in Chelsea’s playing squads
The club’s overall revenues grew to £512.5m, with profits on player sales and fixed assets reported at £142.2m.
The accounts confirmed Chelsea have made player registrations worth a total of £744million for the period ending on June 30 in 2023.
Chelsea’s parent company said the group has since registered 22 players at an initial cost of £454.8m since the period ended.
The additions take their overall spending on transfers to £1.2 billion since their takeover of the club.
BlueCo 22, the company set up by Clearlake Capital and Todd Boehly to buy the Blues, confirmed a loss of £653million since its establishment.
The figure covers the period between March 2, 2022, through to June 30 in 2023.
BlueCo 22 officially completed a takeover of Chelsea in May 2022, with the consortium having been set up two months prior.
The group have since bought Ligue 1 side Strasbourg for an initial price of £64.9m.
‘The group reports a loss before tax for the period of £678.2m, driven by investment in Chelsea’s men’s and women’s player squads,’ the accounts stated.
‘For the period, the group reported revenue of £534.7m, driven by commercial, broadcasting and matchday income from Chelsea.
‘The group reports net assets as at the end of the period of £1.797m and net current liabilities of £0.1m.’
