Chelsea face a battle to comply with the Premier League’s profit and sustainability rules (PSR) and could be forced to sell players before June 30 after their financial state was laid bare in a sobering set of accounts.
The club’s accounts for the year ending June 30, 2023 saw them post a pre-tax loss of £90.1million ($112m), while wages climbed from £340.2m (2022) to £404m in 2023.
Only Manchester City’s annual wage bill (£423m) is higher than Chelsea’s. Last season, City won the Premier League, Champions League and FA Cup. Chelsea men’s team finished 12th in the league, though the women’s side won the Women’s Super League and the women’s FA Cup.
Chelsea’s accounts also show that between July 1, 2022 and June 30, 2023, they spent a total of £745.2m on new players. Their accounts note that a further £454.1m has been spent on players since June 30, 2023. They raised £203m from player sales and made a net profit of £62.9m on player trading overall, thanks to the sales of Timo Werner to RB Leipzig, Kalidou Koulibaly to Al Hilal and Jorginho and Kai Havertz to Arsenal.
Chelsea’s worrying numbers
| Operating profits/loss £m | |
|---|---|
|
Chelsea |
-249 |
|
Leicester |
-152 |
|
A Villa |
-139 |
|
Everton |
-115 |
|
Leeds |
-78 |
|
Newcastle |
-66 |
|
N… |
 and could be forced to sell players before June 30 after their financial state was laid bare in a sobering set of accounts. The club’s accounts for the year ending June 30, 2023 saw them post a pre-tax loss of £90.1million ($112m), while wages climbed from £340.2m (2022) to £404m in 2023. Only Manchester City’s annual wage bill (£423m) is higher than Chelsea’s. Last season, City won the Premier League, Champions League and FA Cup. Chelsea men’s team finished 12th in the league,...){kind=link}