London Football News

Chelsea reveal losses of more than £90m

Chelsea have announced pre-tax losses of more than £90m.

The club lost a total of £90.1m in the 12 months up to June 2023 – Chelsea’a first full year under the ownership of the Todd Boehly-led regime.

That is an improvement on the previous years’ loss of £121.4m, which was largely put down to the sanctions imposed on former owner Roman Abramovich following Russia’s invasion of Ukraine.

Chelsea’s turnover is up from £481.3m in 2021/22 to £512.5m, mainly because of the sales of a number of players.

There continues to be speculation over whether the Blues will be able to comply with profit and sustainability rules following a series of big-money signing since the takeover.

However, in a statement, Chelsea insisted: “Despite the loss in the year and the continued fallout from the sanctions placed on the club in the prior year, the club continues to comply with Uefa and Premier League financial regulations.”

On the pitch, head coach Mauricio Pochettino has been coming under fire from fans – some of whom chanted for him to be sacked during the recent draw at Brentford.

Speaking on Friday at his pre-match press conference ahead of Monday’s visit of Newcastle, Pochettino said: “There is nothing to complain about, nothing to say. We completely understand the situation and the frustration and we need to accept the way they behave,” he said.

“We need to try to improve, try to change this feeling. We need our fans, I hope on Monday the fans will be great, behind us and help the team for 90 minutes to win the game.

“That is so, so important for our players. We are not matching the expectation and that is why they are acting this way.”

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