BlueCo 22, the company operated by Clearlake Capital and Todd Boehly to own Chelsea and Strasbourg, has revealed its accounts for the year, and its pretty chilling stuff.
As Matt Law is reporting in the Telegraph, there are now serious concerns that Chelsea will be able to meet the limits set by both the Premier League’s Profit and Sustainability Rules, as well as those under UEFA’s Financial Fair Play rules.
The books reveals a £90.1m loss in the period leading up to June 30th, 2023, following a loss of £121.4m in the previous period for Chelsea.
BlueCo 22 as a whole lost an insane £654m between March 2022 and June 2023.
Despite this crushing burden, Chelsea claim to still be confident they can meet FFP and PSR rules, saying:
“The club continues to balance success on the field together with the financial imperatives of complying with Uefa and Premier League financial regulations. The club has complied with these financial regulations since their inception in 2012 and expects to do so for the foreseeable future.”
If they are to have any hope of complying, they will need to raise cash in the summer, before the June 30th cutoff for this accounting period.
