Chelsea's Financial Report Reveals £90 Million Loss Under New Ownership: Unlocking Success Todd Boehly’s pre-tax losses

In the latest financial report released by Chelsea, the club has revealed pre-tax losses of just over £90 million for the 12 months leading up to June 2023. This marks their first full year under the ownership of Todd Boehly's Clearlake Capital consortium. Despite the losses, this figure represents an improvement from the previous year's loss of £121.4 million.

These financial details were disclosed in the accounts filed for the holding company Blueco, which facilitated Boehly's acquisition of the club from former owner Roman Abramovich in May 2022. Blueco itself, which also holds ownership of French Ligue 1 side Strasbourg, reported losses of £653 million from its inception in March 2022 until June 2023.

Despite the losses, Chelsea's turnover has seen an increase from £481.3 million in the 2021/22 period to £512.5 million. This boost can be attributed in part to player sales, as the club has parted ways with several experienced squad members since Clearlake assumed ownership.

However, Chelsea's broadcasting revenue took a hit due to the team's failure to qualify for European competition last season, resulting in a decrease of £9.1 million to £255.9 million.

With Premier League regulations stipulating that clubs cannot incur losses greater than £105 million over a three-year period, Chelsea may need to make further player sales in the coming months to remain within these regulations. This necessity is heightened by the unlikelihood of qualifying for European competitions through their league position this campaign.