The latest figures released by Chelsea show the club are compliant with the Premier League’s profit and sustainability rules.
A lot has been made of the financial situation at the Blues since Todd Boehly and Clearlake took over the club in May 2022 and embarked on some heavy spending in the transfer window.
Without European football this season Chelsea have had to find different ways of generating revenue and even sold themselves two hotels for £76m which raised a few eyebrows.
However, journalist David Ornstein has confirmed that despite all the noise surrounding the club they are actually compliant with the rules.
Speaking on NBC Ornstein said: “I’ve got to point out that Chelsea are compliant and that is the bottom line here, they are in keeping with the Premier League’s rules.
“Despite reports to the contrary, Chelsea believe they will be fully compliant with the next cycle of accounts (PSR) up to June 2024.”
“They’ve still got player sales they can make, they’ve still got property sales they might be able to make as well.”
Ornstein added on Todd Boehly and Clearlake that they were aware of the expectations and were adamant they would get things right at Chelsea.
“They know expectations are higher, they know they must do better and they do not want any excuses, they are adamant that despite the public noise they will get this right.”
It’s widely expected that Chelsea will sell off a number of their academy products this summer as they count as pure profit on the books.
Trevoh Chalobah, Ian Maatsen and Armando Broja are all expected to leave the club whilst there are major doubts over the future of Conor Gallagher.
Lewis Hall’s loan move to Newcastle will become permanent at the end of the season banking the Blues in the region of £30m.
