Todd Boehly surely has to take immediate action after Chelsea break record
Chelsea’s financial situation has been in the spotlight following their heavy spending in recent years.
Chelsea have spent around £1.3billion since BlueCo, which is spearheaded by Todd Boehly and Behdad Eghbali’s Clearlake Capital, took over at Stamford Bridge in May 2022.
The Blues won the Conference League last season under former manager Enzo Maresca, marking the first trophy of the BlueCo era.
That was followed up just weeks later with their success at the Club World Cup after beating PSG in the final.
While claiming trophies certainly isn’t to be sniffed at, they didn’t drastically improve the London giants’ financial situation.
How Chelsea’s losses have increased dramatically
New analysis by Uefa has provided an insight into how Chelsea’s spending is impacting the operations at Stamford Bridge.
The European Club Finance and Investment Landscape report, which the governing body publishes annually, revealed the Blues recorded a pre-tax loss of £342million for last season.
The Athletic reported on Thursday (26 February) that is the highest pre-tax deficit in English football history, having increased from £93m in 2023-24.
The news outlet revealed Barcelona’s €555m (£484m) in 2020-21 is the only loss to ever have exceeded that level after they were severely impacted by the Covid-19 pandemic.
The Catalan side have since faced significant spending restrictions in their efforts to strengthen their squad.
Boehly and the rest of the Chelsea hierarchy surely have to start taking immediate action to reduce the club’s losses if they want to avoid facing further issues complying with the various spending rules.
Why Chelsea are already facing spending restrictions
Chelsea were fined £27m by Uefa last July after breaching the governing body’s financial rules alongside Aston Villa.
The punishment related to a breach of Uefa’s football earnings regulations and its squad cost ratio, where clubs in European competitions were required to keep spending on player wages and fees to 80 per cent of revenue in 2024.
It was revealed Chelsea could be fined a further £51m if they don’t comply with the rules in the next four years.
However, The Athletic reported Chelsea are not expected to be handed a further punishment by Uefa, provided they operate within the settlement agreement.
Only time will tell how the knock-on effects of the latest losses at Stamford Bridge will impact new boss Liam Rosenior‘s efforts to bring success to the club.
The Blues currently sit fifth in the Premier League table, while they are into the last 16 of the Champions League.
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