Kieran Maguire drops '£500m' Chelsea 'crisis' claim
Chelsea will avoid a financial ‘crisis’ through their impressive player sales which have pocketed them £500million in recent seasons.
That is the view of finance expert Kieran Maguire, who spoke exclusively to Football Insider about Chelsea’s decision to delay their financial accounts.
Chelsea released a snapshot of their financial accounts on 27 March, with the club reporting losses of £121.3million.
However, the Blues delayed the release of their accounts on Companies House until Saturday (8 April), sparking concerns over their ability to adhere to Financial Fair Play rules.
Chelsea have spent heavily since Todd Boehly’s arrival, but the club have also made a number of sales with Tammy Abraham, Timo Werner, and Jorginho all bringing in transfer fees in recent windows.
Maguire believes Chelsea outperforms their rivals when it comes to player sales, and therefore the club will avoid a financial crisis despite spending heavily on transfers and sacking Graham Potter.
“Chelsea may have to work harder to comply with Financial Fair Play rules, but historically they have been the most successful club when it comes to player sales,” Maguire told Football Insider.
“Player sales alone have generated over £500million in profits over the course of the last few years.
“That figure is much higher than a lot of their rivals.
“Therefore the sacking of Graham Potter, who will have a termination clause in his contract in the region of £10-15million, will be offset.
“It’s not desirable from a financial standpoint, but it is unlikely to tip the club into crisis.“