2023/24 Financials (The Club made a pre-tax loss of £19.4M for the 12-months to 30 June 2024)

[davieG]

Chelsea report £128.4m profit after sale of women's team

 

Chelsea's statement on Monday pointed to how the club improved their financial health, avoiding breaking Premier League's profit and sustainability rules (PSR).

The position was strengthened in the previous financial results by the sale of two hotels by Chelsea FC Holdings Ltd to BlueCo 22 Properties Ltd, a deal between companies under the control of the Todd Boehly and Clearlake Capital ownership.

That £76.5m sale meant Chelsea made a loss of £89.9m instead of £166.4m in their 2022-23 accounts.

Chelsea may have made an even greater gain with the sale of the women's team to BlueCo, with that 2024 transaction worth either part or all of the £198.7m "profit on disposal of subsidiaries" mentioned in the club accounts.

Without that, Chelsea may have made a significant loss.

 

https://www.bbc.co.uk/sport/football/articles/cn91dg34pzqo

[Corky]

2 hours ago, coolhandfox said:

Nothing other them a fine if you file them late.

Needless, though. 

[VLC86]

1 hour ago, MattFox said:

Massive loses incoming I suspect 

Enough about our on the field performances, what about our finances for 23/24?

[when_you're_smiling]

20 minutes ago, davieG said:

Chelsea report £128.4m profit after sale of women's team

 

Chelsea's statement on Monday pointed to how the club improved their financial health, avoiding breaking Premier League's profit and sustainability rules (PSR).

The position was strengthened in the previous financial results by the sale of two hotels by Chelsea FC Holdings Ltd to BlueCo 22 Properties Ltd, a deal between companies under the control of the Todd Boehly and Clearlake Capital ownership.

That £76.5m sale meant Chelsea made a loss of £89.9m instead of £166.4m in their 2022-23 accounts.

Chelsea may have made an even greater gain with the sale of the women's team to BlueCo, with that 2024 transaction worth either part or all of the £198.7m "profit on disposal of subsidiaries" mentioned in the club accounts.

Without that, Chelsea may have made a significant loss.

 

https://www.bbc.co.uk/sport/football/articles/cn91dg34pzqo

 

 

[Ryy]

PSR is a waste of space 

[Muzzy_no7]

If we are punished while Chelsea and Man City get away with murder then the sport is dead.

 

So glad we completed football before it all became unbearable, sh*te. 

[LCFCCHRIS]

If they wanted to actually fix football they'd put a wage cap in with structured goal bonuses and performance bonuses for players. 20k base wage for example as a max with bigger bonuses for those objectives mentioned. Ideally a world wide thing. Obviously it would never happen but as @Muzzy_no7 said its nice to have won it as underdogs in such a corrupt environment. 

[The Horse's Mouth]

44 minutes ago, LCFCCHRIS said:

If they wanted to actually fix football they'd put a wage cap in with structured goal bonuses and performance bonuses for players. 20k base wage for example as a max with bigger bonuses for those objectives mentioned. Ideally a world wide thing. Obviously it would never happen but as @Muzzy_no7 said it’s nice to have won it as underdogs in such a corrupt environment. 

Moronic idea really, cutting wages of the footballers would just mean all that money saved goes into some directors pocket 

[jayfox26]

8 hours ago, ClaphamFox said:

I think Faes’s status as a regular starter for Belgium combined with his relatively low book value will mean we’re able to shift him. We may also be able to offload Soumare on the continent, if only on loan. Hopefully Ayew and BDCR won’t fancy playing in the Championship and will seek moves elsewhere. I’d love to say the same about Vestergaard but that might be stretching it a bit…

 

They will have relegation clauses that see their wages drop considerably. Without a transfer embargo, we would likely seek to offload them and replace them; with an embargo, we’d be more inclined to keep them. Thankfully this is all a bit academic as we’re not getting a transfer embargo. 

You're right about Faes but I genuinely don't see anyone being interested in BDCR, Ayew or Vestergaard because of their age and wages. If I'm not mistaken, isn't Soumare's contract up next summer, which would mean we wouldn't be able to loan him out would we? 

[davieG]

Thai tourism expected to fall by 15% due to earthquake 

[iancognito]

10 minutes ago, davieG said:

Thai tourism expected to fall by 15% due to earthquake 

Thai tourism could increase by 3000% and we wouldn't have any more money to spend. Newcastle are owned by a country and still have to look at selling Guimares and Gordon.

[davieG]

12 minutes ago, iancognito said:

Thai tourism could increase by 3000% and we wouldn't have any more money to spend. Newcastle are owned by a country and still have to look at selling Guimares and Gordon.

Aye I know but they are still funding our none football debts with their loan clearances. 

[Sly]

At this point go and beg the Premier League for a points deduction. 

 

We’ll have had our punishment then and we can actually wipe the slate clean for next season. 

[The Horse's Mouth]

Tbf cooking the books and avoiding punishment has been the only thing we’ve been world class at 

[FoxesTez]

11 hours ago, sylofox said:

So more money we don't have wasted for being late.

 

They really are fvcking idiots then.

 

Let's just piss off the epl and efl.

 

You think that's wise?

The companies house fine is £150 if we’re up to a month late so I wouldn’t worry too much.

 

Might be giving them too much credit but maybe they’re on time and Companies House backlog in processing them, often the case at quarter ends with the volume they try and deal with. 

[AjcW]

1 hour ago, The Horse's Mouth said:

Tbf cooking the books and avoiding punishment has been the only thing we’ve been world class at 

Fella who did it for us last time is now at Newcastle....  

[ClaphamFox]

4 minutes ago, FoxesTez said:

The companies house fine is £150 if we’re up to a month late so I wouldn’t worry too much.

 

Might be giving them too much credit but maybe they’re on time and Companies House backlog in processing them, often the case at quarter ends with the volume they try and deal with. 

This is almost certainly it. Last year we submitted them just before the deadline and the first news stories reporting the figures were on 3 April. So we’ll likely find out in the next few days. 

[Finnegan]

10 hours ago, davieG said:

Chelsea report £128.4m profit after sale of women's team

 

Chelsea's statement on Monday pointed to how the club improved their financial health, avoiding breaking Premier League's profit and sustainability rules (PSR).

The position was strengthened in the previous financial results by the sale of two hotels by Chelsea FC Holdings Ltd to BlueCo 22 Properties Ltd, a deal between companies under the control of the Todd Boehly and Clearlake Capital ownership.

That £76.5m sale meant Chelsea made a loss of £89.9m instead of £166.4m in their 2022-23 accounts.

Chelsea may have made an even greater gain with the sale of the women's team to BlueCo, with that 2024 transaction worth either part or all of the £198.7m "profit on disposal of subsidiaries" mentioned in the club accounts.

Without that, Chelsea may have made a significant loss.

 

https://www.bbc.co.uk/sport/football/articles/cn91dg34pzqo

 

We're all laughing but this is ****ing grotesque. 

 

On every level. 

 

We're getting relegated because rules designed to protect Chelsea and co vastly limit the money we can spend. We have owners that can afford to build one of the most advanced training facilities in the world and who consistently turn their loans in to equity yet apparently we couldn't let them spend another twenty odd million on players this year that might have kept us up for "our own good" because "sustainability."

 

Meanwhile Chelsea can make hundreds of millions of losses one year and make it back the next by sham selling their own women's team to themselves. 

 

Everyone's wound up about Man City and their dodgy sponsorship deals but time after time Chelsea have the brass ones to do shit like this, over valued back scratching sales to Saudi, selling youth players for inflated fees, selling buildings to themselves et all and just completely get away with it. 

 

****ing rank. It winds me up that the British are so apathetic about injustice being done to themselves that we'd all just have a laugh at the black humour of it instead of ****ing marching on FA HQ like we should. 

 

Edit before the inevitable apologists chime up: just because we've made bad transfer decisions it doesn't mean this isn't an enormous injustice. The two aren't mutually exclusive. 

 

Edited 1 April by Finnegan

[CL Fox]

15 minutes ago, Finnegan said:

 

We're all laughing but this is ****ing grotesque. 

 

On every level. 

 

We're getting relegated because rules designed to protect Chelsea and co vastly limit the money we can spend. We have owners that can afford to build one of the most advanced training facilities in the world and who consistently turn their loans in to equity yet apparently we couldn't let them spend another twenty odd million on players this year that might have kept us up for "our own good" because "sustainability."

 

Meanwhile Chelsea can make hundreds of millions of losses one year and make it back the next by sham selling their own women's team to themselves. 

 

Everyone's wound up about Man City and their dodgy sponsorship deals but time after time Chelsea have the brass ones to do shit like this, over valued back scratching sales to Saudi, selling youth players for inflated fees, selling buildings to themselves et all and just completely get away with it. 

 

****ing rank. It winds me up that the British are so apathetic about injustice being done to themselves that we'd all just have a laugh at the black humour of it instead of ****ing marching on FA HQ like we should. 

 

Edit before the inevitable apologists chime up: just because we've made bad transfer decisions it doesn't mean this isn't an enormous injustice. The two aren't mutually exclusive. 

 

We're getting relegated because we've spent money incredibly badly, the rules aren't great but we waste so much money. For every Chelsea there's another club that work within the rules fine - offering Connor Coady 100k a week, it is a bigger injustice than anything Chelsea have done.

Edited 1 April by CL Fox

[stevostadium]

16 hours ago, ClaphamFox said:

Oh for the love of God not this again. Nobody has any grounds to impose a transfer ban on us - and if they did it would be a disaster because we’d just end up keeping unwanted, disinterested players who we’d otherwise be able to replace. 

I really wish i had your optimism. You obviously know more of the rules and regulations than myself but every podcast, phone in seems to think that something will happen to us next year. Now i don't know if that is an embargo or a points deduction but Tanner said on RL last night the EFL were baying for blood.

Pipes also said that players on high wages would rather see out there contracts then go to another club on lesser wages. I think we all know who were talking about here.

IMO our only sellable assets are Hermandsen, BEK, Mavididi and possibly Winks. Also Fatawu when fit again.

To think that players like BDR and Ayew will have people come in for them is highly highly unlikely. Yes they may fancy a move to the PL but nobody in there right minds will come in for them. We will be stuck with the same old rubbish for 1 more season and will probably go down again.

No one wants to be here.

[TheGoldenGod]

9 hours ago, Ryy said:

PSR is a waste of space 

Wasn't that obvious? We're dancing around it and other clubs (Chelsea) are doing the most egregious workarounds imaginable. They were never fit for purpose and keep the elite where they are.

[Gazza3]

Lets not forget we broke all the rules and got away with it on a legal loophole. 

[st albans fox]

17 minutes ago, CL Fox said:

We're getting relegated because we've spent money incredibly badly, the rules aren't great but we waste so much money. For every Chelsea there's another club that work within the rules fine - offering Connor Coady 100k a week, it is a bigger injustice than anything Chelsea have done.

Chelsea get way more rope to hang themselves and can make some bad transfer calls.  We can’t. That’s the issue imo 

[st albans fox]

7 minutes ago, Gazza3 said:

Lets not forget we broke all the rules and got away with it on a legal loophole. 

With hindsight that fight looks like a waste of money and resources now doesn’t it !   Could have taken a six point deduction last season or this one and would have made no difference! 

[The Horse's Mouth]

40 minutes ago, Finnegan said:

 

We're all laughing but this is ****ing grotesque. 

 

On every level. 

 

We're getting relegated because rules designed to protect Chelsea and co vastly limit the money we can spend. We have owners that can afford to build one of the most advanced training facilities in the world and who consistently turn their loans in to equity yet apparently we couldn't let them spend another twenty odd million on players this year that might have kept us up for "our own good" because "sustainability."

 

Meanwhile Chelsea can make hundreds of millions of losses one year and make it back the next by sham selling their own women's team to themselves. 

 

Everyone's wound up about Man City and their dodgy sponsorship deals but time after time Chelsea have the brass ones to do shit like this, over valued back scratching sales to Saudi, selling youth players for inflated fees, selling buildings to themselves et all and just completely get away with it. 

 

****ing rank. It winds me up that the British are so apathetic about injustice being done to themselves that we'd all just have a laugh at the black humour of it instead of ****ing marching on FA HQ like we should. 

 

Edit before the inevitable apologists chime up: just because we've made bad transfer decisions it doesn't mean this isn't an enormous injustice. The two aren't mutually exclusive. 

 

The rules have nothing to do with our failures this season whatsoever, there’s no real injustice considering we actually broke the rules yet found a creative way of getting around it 

Edited 1 April by The Horse's Mouth