‘Chelsea are spending like lunatics’ with new ‘£250m+’ concern – Stefan Borson
Chelsea are set to face profit and sustainability (PSR) issues again next season due to the extensive operating losses the club are suffering.
That is the view of finance expert Stefan Borson, who exclusively told Football Insider Chelsea are currently spending like “lunatics” and their amortisation costs could rise to more than £250million for 2024-25.
The west Londoners posted a loss of £90million in the 2022-23 financial year alone, with current Premier League rules stating top-flight clubs can lose a maximum of £105million over a rolling three-year period.
The Premier League side made some last-ditch sales before the latest accounting deadline on 30 June in an attempt to remain within the allowable losses limit for 2023-24.
But they have already splashed more than £50million on the signings of Kiernan Dewsbury-Hall, Omari Kellyman and Marc Guiu after appointing Enzo Maresca as their new manager.
Chelsea amortisation costs to soar after summer spending
Borson revealed the worry for Chelsea is their turnover isn’t growing without Champions League football and they currently still don’t have a front-of-shirt sponsor for next season.
He told Football Insider: “Chelsea are currently losing around £200million a year on an operating basis before player transfers and other profits.
“It will be the same next season. There is no reason why next season will be any different.
“They are spending like lunatics, so the amortisation costs are likely to be over £250million for 2024-25.
“Their wage bill probably has come down a little bit since the last time we had the published numbers.
“But worryingly for Chelsea, the turnover is not really growing because they don’t have Champions League and they don’t even have a front-of-shirt sponsor for next season at the moment.”
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