Follow usThe English Premier league side Chelsea is faced with a very serious challenge and a certain purge of some of its players after the serious losses announced yesterday in the amount of 121 million pounds for the past campaign.
These financial results increase the pressure on the club’s bosses to quickly make their moves so they can balance the club’s finances and fit into Financial Fair Play before they face sanctions. This situation has been reinforced by the performance in the championship, where they are only 10th in the standings and the participation in the European tournaments next year is in serious doubt.
The Blues have total losses of £274m over the past two seasons with allowable limit of £105m over three seasons. It is for these reasons that Stamford Bridge need to make a quick buck by June 30, when this season’s deadline expires, as the next financial year will include much of the impressive £545m the Londoners have spent in the last two transfer windows. the window.
However, the Blues’ bosses need to complete these deals quickly, which puts them at a disadvantage as they will be pressed for time and the June 30 deadline. Chelsea’s combined losses over the last three campaigns are £242m, but the Premier League has made some concessions recently due to Covid-19 restrictions.
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