Follow usChelsea’s recent financial figures reveal both the club’s significant expenditure and the challenges it faces in balancing its books under Premier League regulations.
Last season, Chelsea splurged £747m on transfers, with a wage bill reaching £404m, the second-highest in the Premier League. Despite selling players valued at £592m for £203m, they still managed to generate a profit of £63m due to accounting rules. However, the total cost of the squad exceeded £1bn as of June 30, 2023, following Todd Boehly’s Clearlake Capital consortium’s ownership takeover.
Additional spending of £450m on transfers since June 30 is set to be reflected in the 2023-24 accounts. Moreover, Chelsea spent over £75m on agents and intermediaries in the 12 months leading up to February 2024, the highest among Premier League clubs.
Despite a turnover increase from £481m to £513m, broadcasting revenue dipped by £9m to £256m after Chelsea missed out on European qualification. The club reported a pre-tax loss of £90m in March, following a loss of £121m the previous year.
To comply with Premier League profit and sustainability (PSR) regulations, which allow clubs a maximum loss of £105m over three seasons, Chelsea may need to sell more players by June 30. Investments in youth and women’s teams can be deducted from these costs.
The investigation into potential financial rule breaches during Roman Abramovich’s tenure continues, with Everton and Nottingham Forest already facing point deductions for PSR breaches this season.
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