Chelsea owners bankroll £175m injection - official documents filed

James holds a degree in Sports Journalism and Communications (MA) from the Real Madrid Graduate School. He has experience working for a number of local news outlets as well as the Sunday Mirror and Real Madrid TV. James is from Scunthorpe and has an affinity with Scunthorpe United, but is also a huge West Ham supporter and an expert on all things to do with the Hammers. He started working for Breaking Media in July 2023, initially writing on the Club Sites, where he specialised in West Ham content, before moving to Football Insider – where he is now an expert in football finance, speaking regularly with Stefan Borson and Keith Wyness to generate high-quality content in all things related to finance in the Premier League, Football League, and Scottish Premiership.

Published on:

31 Jul 2024, 8:00 am

Chelsea have received a £175million injection from their owners in the form of a new share issue, sources have told Football Insider.

As per a Companies House submission on Monday (29 July), Chelsea FC Holdings Limited purchased 1,000 new shares.

Each share was purchased at a price of £1.75million per one pence share, taking the total investment to £175million.

It is so far unclear whether the investment comes in the form of a cash injection or the conversion of debt into equity.

The share issue can be backdated to 29 June, meaning Chelsea received the financial boost one day before the 30 June accounting deadline.

The West Londoners were believed to be close to breaching the profit and sustainability rules (PSR) last season before making some last-ditch player sales prior to submitting their accounts.

Chelsea have exploited loopholes to bypass PSR rules

Finance expert Stefan Borson revealed on 11 July Chelsea had sold their women’s team to parent company BlueCo on 28 June to potentially circumnavigate the PSR rules for 2023-24.

The Times reported on 17 July the Premier League is now reviewing the sale to ensure it complies with rules around associated party deals and is fair market value.

Borson told Football Insider top-flight clubs are likely to protest against the women’s team sale if it’s pushed through at a high value following suggestions the deal could be worth between £150-200million.

(Credit: Getty Images)

It isn’t the first time Chelsea have attempted to exploit a loophole and bypass the PSR rules after they sold two Stamford Bridge hotels to a sister company for a total of £76.5million to offset their major losses for 2022-23.

The London giants posted a loss of £90million in the 2022-23 financial year alone, with current Premier League rules stating top-flight sides can lose a maximum of £105million over a rolling three-year period.

In other news, Newcastle close in on deal for Chelsea star as terms agreed.

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