Following on from BlueCo 22 earlier today, Chelsea have now released a summary of their financial results for 2022 – 2023.
This was – more or less – the first full year of the Todd Boehly and Clearlake Capital project.
In it they note that revenue bounced back post sanctions to £512.5m. The total losses for the period were £90.1m, down from £121.4m the previous year.
They end the statement by insisting that the club “continues to comply with UEFA and Premier League financial regulations.
Of course, saying you continue to comply is a little bit of a cheat – of course you comply until you don’t comply at the end of the allotted period. It’s like being 3-0 down in the 80th minute of a game and saying you’ve not yet lost. We all know that we can sell off half the first team and generate enough to meet the thresholds for the rules, but where does that leave us?
