Chelsea’s huge losses are revealed in the BlueCo books: the need for turnover of £100m or more has never been clearer

BlueCo 22, the company run by Clearlake Capital and Todd Boehly and which owns Chelsea and Strasbourg, has revealed its financial statements for the year, and some pretty chilling stuff about it.

As Matt Law reports in the Telegraph, there are now serious concerns that Chelsea will be able to meet the limits set by both the Premier League’s Profit and Sustainability rules and the Financial Fair Play rules UEFA.

The books show a loss of £90.1 million in the period leading up to June 30, 2023, following a loss of £121.4 million in the previous period for Chelsea.

BlueCo 22 as a whole lost a staggering £654 million between March 2022 and June 2023.

Despite this crushing burden, Chelsea claim to still be confident in their ability to comply with FFP and PSR regulations, saying:

“The club continues to balance success on the pitch with the financial obligations of complying with UEFA and Premier League financial regulations. The club has complied with these financial rules since its founding in 2012 and expects to continue to do so in the near future.”

If they are to have any hope of meeting this, they will need to raise money in the summer, before the June 30 cut-off for this reporting period.

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