Chelsea must have completed another ‘very sizeable’ off-field deal – Borson
Chelsea must have sold another non-football related asset to help them avoid a profit and sustainability (PSR) breach.
That is the view of finance expert Stefan Borson, who exclusively told Football Insider Chelsea are likely to have breached the PSR rules for 2023-24 if they haven’t sold another asset due to the £200million-a-year operating losses the club are currently making.
The west Londoners exploited a loophole last year by selling two Stamford Bridge hotels to a sister company for a total of £76.5million to offset their major losses.
Chelsea 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.
Chelsea set for PSR breach without off-field deal
But Borson believes those sales won’t be enough to help them avoid a PSR breach for last season due to the significant losses they have recorded in recent years.
He told Football Insider: “They are behaving from a PSR perspective as if they have another property transaction on top of the previous hotel deal.
“For 2023-24, I think they must have done another very sizeable, non-football asset transfer sale profit because otherwise I think they will breach PSR.
“This is a club that’s losing around £200million a year on an operating basis before player transfers and these other profits.
“It will be the same next season.”
In other news, winger could leave Chelsea as talks open over deal.
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