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HomeTop LeaguesPremier LeagueChelsea will have a major summer overhaul after reporting a £121m annual...

Chelsea will have a major summer overhaul after reporting a £121m annual loss

Chelsea will have to sell some of their experienced players in order to balance their books, following a significant spending spree under their new ownership

According to The Times, in order to comply with the Financial Fair Play rules after posting a loss of £121 million in their 2021-22 annual accounts, Chelsea will have to sell some of their experienced players.

The report suggests that Conor Gallagher and Mason Mount are among the players that may be sold.

The club has spent a total of £600 million on transfers since last summer, and also paid a record fee to acquire the services of Graham Potter from Brighton.

Chelsea’s current owners blame the old regime

The current ownership of Chelsea is blaming the previous regime led by Roman Abramovich for the club’s financial struggles.

The new owners believe that Abramovich’s ties to Russia and the subsequent sanctions faced by the club harmed their long-term prospects.

“During this period, the club was restricted in a number of areas including, but not limited to, its ability to sell matchday and season tickets, sell merchandise, accept event bookings, as well as sign contracts with players and commercial sponsorship partners, which collectively resulted in extraordinary expenses and loss of revenue,” Chelsea wrote in a statement.

“Furthermore, some of these limitations are also expected to have an impact on the financials in the following years due to the long-term impact of restrictions on entering into new contractual arrangements. “

The reported financial losses of Chelsea for 2021-22 do not include the club’s significant spending this season, indicating the challenging task for Boehly and his team in the upcoming summer.

Consequently, the club’s plans to construct a new £2 billion stadium may be postponed or even abandoned altogether.

Ethan Dempsey
Ethan Dempsey
Ethan is a lifelong football fan. When he is not obsessing over the Premier League games, Ethan likes to read fantasy tomes, watch football documentaries and waste hours upon hours on video games.


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