Stefan Borson

Sun 6 April 2025 10:51, UK

Chelsea’s owners have invested heavily in the club since taking over at Stamford Bridge from Roman Abramovich in May 2022. 

BlueCo, which is spearheaded by Todd Boehly and Clearlake Capital’s Behdad Eghbali, has spent more than £1.5billion on new signings over the past three years.

However, the ownership group has so far failed to deliver success on the field, with the London giants’ current fourth-place position putting them on course for their best Premier League finish since the takeover was completed. 

There is no sign the investment is coming to an end after Companies House submissions revealed Chelsea’s owners injected £180million into the club in recent weeks.  

Finance expert Stefan Borson exclusively told Football Insider Boehly and Clearlake will need to continue putting money in to cover the “huge” deficit at Stamford Bridge.

Chelsea sold their women’s team to BlueCo last summer for around £200million, helping them turn their previous £90million loss for 2022-23 into a £128million profit for 2023-24.

The club’s overall revenue fell from £513million to £469million last season, while their underlying losses stood at £214million. 

Chelsea face debt issue after cash injection

Borson revealed Chelsea are likely already maxed out on their debt following the latest cash injection from their owners.

He told Football Insider: “The business is losing a lot of money. 

“When a business loses a lot of money at the operating line, as Chelsea does, it’s got to pay the bills.

“There are the costs of paying the bills, the cost of paying the wages, and these all exceed their revenue that’s coming through the door, so it’s not just accounting issues. It’s actual cash and actually sending the money to people and to companies.

“There are transfers that are outstanding. They have a huge deficit that they need to find right now on a run rate, and they will continue to have to put money in in this sort of way. 

“I don’t think they can put any more debt in. They are already sort of maxed out on the debt side.

“They have got some very expensive debts from people like Ares Capital, so they have to put equity in. 

“You will continue to see each few months cash being put into the business by the shareholders, so they can simply say they can pay the bills, and there’s no sign that that’s going to stop anytime soon.”

Chelsea to trigger Jadon Sancho obligation and sell him immediately

Football Insider revealed on 26 March Chelsea are considering selling Jadon Sancho immediately after triggering their obligation-to-buy clause.

Stamford Bridge chiefs are set to make a decision about the 25-year-old’s future in the coming days, as his £25million move could be cancelled with a £5million payment to Manchester United.

A number of clubs both domestically and abroad are keeping a close eye on Sancho’s situation, with the winger potentially set to be sold on this summer.

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