Chelsea avoided Prem PSR costs by selling their women's team to itself for a maximum of £ 200 million.
Although full figures for the 12 months to 30 June 2024 still have to be published, the Stamford Bridge-Outfit declared a profit before taxes of £ 128.4 million, compared to a loss of £ 90.1 million, the previous year.
The January confirmation by Prem Chiefs that no club had violated the limit “allowed losses” of £ 105 million over three seasons meant that Chelsea accounts were deleted.
But in his statement, Chelsea said: “The club benefited from an increased profit in the removal of players' registrations and repositioning the Chelsea Football Club Women Ltd” Na “a profit about the removal of subsidiaries of £ 198.7 million”.
Although the precise amount that is collected by the sale of the women's team to parent company Blueco 22 remains unclear, it is clear that it represented the vast majority of extra income.
This is on top of the sale of the two hotels of the previous season on the Stamford Bridge site at the parent company.
In total, for two seasons, Chelsea has now earned £ 275 million in what is known as “Inter-Group accounting profit” from the removal of assets to the company of which the most important shareholders are Todd Boehly and Behdad Eghbali.
Chelsea has spent more than £ 1 billion on player signs since the acquisition followed on Roman Abramovich that was forced to sell his shares in 2022.
Last season they saw more than £ 400 million spend on players, including Moises Caiceido, Nicolas Jackson, Cole Palmer, Christopher Nunku and Romeo Lavia.
But the capital of the club to 'write off' those expenditure for five years meant an expenditure of £ 80 million in the annual accounts on top of a similar amount for earlier signing sessions.
Chelsea received nearly £ 240 million from outgoing players, including the £ 65 million Arsenal paid to take Kai Havertz in the capital, so that a “profit was explained on removal of players' registrations of £ 152.5 million”.
That was despite the fact that the turnover fell to £ 468.5 million – falls from £ 44 million – “because the men's team did not participate in the Champions League”.
The news came just a few days after it turned out that Blueco had collected 22 £ 65 million by selling shares, in proportions that seemed to reflect the interests of the owners of the club.
Fans reacted to the news with dismay.
It was said, “It's a hedge fund with shin blades.”
Another stated: “This is not sustainable.”
It was noted: “Next year we will sell ourselves the lawn mower for £ 90 million.”
Another added: “I will no longer have things to sell.”
Comments