Chelsea ‘must have something up their sleeve’ after ‘£700m’ loss – Stefan Borson
Chelsea must have “something up their sleeve” to comply with PSR this season after losing £700million in the period leading up to June.
That is the view of finance expert Stefan Borson, who exclusively told Football Insider that the sale of hotels and training ground property will not be enough for Chelsea to dodge a PSR breach.
The Londoners appear to have loopholed Profit and Sustainability Rules by selling two hotels outside Stamford Bridge for £77million as well as a portion of their Cobham Training Ground.
The Blues posted a loss of £90million in their latest 2022-23 accounts which followed losses of £122million in 2021-22.
Financial regulations state that Premier League clubs can lose a maximum of £105million over a rolling three-year period.
Borson believes Chelsea must have something else “up their sleeve” to avoid a PSR breach as they are still “way short” of being able to comply.
Chelsea on track to fail PSR after £700m reveal
“We don’t know whether Chelsea have actually officially passed 2022-23 because the hotel deal has still not yet been confirmed as completed,” Borson told Football Insider.
“I don’t think the Cobham transaction will give them anywhere near sufficient profit to make it meaningful this year.
“So there must be something else that they’ve worked on that makes them confident that they’ll hit the PSR target because they are way short on a trading basis.
“This is a club that’s lost almost £700million for the period to the end of June before player trading and other sales of tangible assets such as property.
“They’ve got a very big loss to counteract with profitable sales so they must have something up their sleeve.“
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