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Concerns Mount for Chelsea: £90.1m Loss Raises Questions on Financial Compliance
Concerns Mount for Chelsea: £90.1m Loss Raises Questions on Financial Compliance
FootBall
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March 08, 2024
In the latest financial year, Chelsea announced a rise in turnover to £512.5m. (Image: John Walton/PA)
Chelsea’s compliance with profit and sustainability rules is under renewed scrutiny as the club reports a pre-tax loss of £90.1m for the year ending June 30, 2023. Following a previous year’s loss of £121.4m these figures have raised concerns about adherence to Premier League’s Profit and Sustainability Rules and UEFA’s Financial Fair Play regulations.
BlueCo 22 the company that acquired Chelsea in 2022 disclosed the losses with Chelsea FC Holdings Limited accounts yet to be published for further insight into the club’s financial status. The Premier League permits clubs a maximum loss of £105m over a three years period.
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