‘They pay very big wages’ – Chelsea owners to inject more cash after £330m+ reveal
Chelsea’s owners will inject more cash into the club after a £339million reveal at Stamford Bridge.
BlueCo, which is spearheaded by Todd Boehly and Clearlake Capital, has spent big since taking over from Roman Abramovich in May 2022.
Chelsea’s owners have made a series of cash injections into the club over the past three years.
A Companies House submission revealed Chelsea FC Holdings Limited issued 1,000 shares on 30 June – the final day of the club’s financial year.
Each share was purchased at £339,000 per one pence share, taking the total investment to £339million.
Chelsea have added Jamie Gittens, Joao Pedro, Jorrel Hato, Liam Delap, Estavao, Dario Essugo, Mamadou Sarr and Kendry Paez to their ranks as they continue their spending spree this summer.
The Blues’ latest accounts for 2023-24 revealed their revenue slipped from £512million in 2022-23 to £468million, while their wage bill dropped from £404million to £338million across the same period.
Chelsea need more cash to make transfer payments
This article contains exclusive comment from Stefan Borson, a former financial adviser to Man City.
Chelsea have spent around £1.4billion on transfers since BlueCo took over the club as the ownership group continues to inject cash.
Speaking exclusively to Football Insider, Borson said: “Well, it’s just they have to pay the bills.
“The club and the group make a loss, they operate at a loss, have got very big expenditure because they pay very big wages and obviously the running costs. They have obviously done quite nicely in recent weeks with the Club World Cup.
“That would have been very nice for cash, but still with all of the payments that are due on transfers etc., they’ll always need cash, so the share issues will continue going forward no question because they’re nowhere near being profitable or even breakeven.
“So, it’s just paying the bills really. They have just got to keep putting capital in there. At some point, maybe they can start to operate on a more stable operating level, not loss-making.
“Then on top of that, they can supplement it maybe with a positive bit of trading and stop buying new players. That might change the cash position, but for the foreseeable future, this will continue.
“They will keep issuing new shares and keep putting cash into the group.”
Chelsea told what they must pay to sign Morgan Rogers
In terms of another potential incoming at Stamford Bridge, Football Insider revealed on 2 August Aston Villa are set to demand in excess of £80million for Morgan Rogers amid growing interest from Chelsea.
The 23-year-old is seen as the “dream signing” for the Blues, who have been keeping a close eye on his progress at Villa Park after a successful season under Unai Emery.
Football Insider exclusively revealed on 28 July Chelsea have offered a swap deal for Rogers, including cash plus Tosin Adarabioyo and Nicolas Jackson.
However, Villa are extremely reluctant to lose the England international this summer and have no plans to weaken Emery’s side over the coming weeks.
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