Home Football The revelation of the trick that helped CHELSEA “magically” erase their £248 million debt

The revelation of the trick that helped CHELSEA “magically” erase their £248 million debt

Football — 05/15/2024

By selling club assets to the owner, Chelsea is likely to “sidestep” financial fair play regulations and continue to freely spend on transfers.

Stefan Borson, former financial advisor of Man City, recently disclosed that Chelsea FC is currently facing operational losses amounting to £248 million, the highest among professional clubs in England.

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Chelsea is at risk of facing penalties for operating at a loss…

If this figure persists until the end of the 2023-2024 season, there’s no doubt that Chelsea will certainly face penalties related to Financial Fair Play regulations, similar to Everton or Nottingham.

However, The Blues’ board has taken swift action to address the issue. Specifically, the club has sold a hotel owned by the football team to the BlueCo Group for £73.6 million – This is the group led by… Chairman Todd Boehly and Clearlake.

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However, club owners have come up with a solution.

Next, Chelsea is also finalizing the sale of the Cobham training ground to its owner, Todd Boehly. With these buying and selling activities, The Blues are fully capable of clearing the £248 million debt and continue to be allowed to spend in the transfer market this summer to acquire high-value signings.