Chelsea’s accounts have become essential reading since Behdad Eghbali’s Clearlake Capital and Todd Boehly bought the club in May 2022 — and the most recent filings are no different.
The full figures for 2023-24 were released on Saturday morning and confirm that Chelsea valued their women’s team at £200million ($258m) when selling it to Blueco 22 Midco Limited — a company within the club’s broader legal structure.
The £198.7m profit Chelsea generated from the sale enabled them to post a pre-tax profit of £128.4m for the year ended June 30, 2024, and meant they complied with the Premier League’s profit and sustainability rules (PSR).
Chelsea’s sale of its women’s team to a sister company, however, is still being assessed by the Premier League from a fair market value standpoint.
The club acknowledged that “the conclusion of this process may result in a material change to the gain recognised” in last season’s accounts.
UEFA takes a different approach from the Premier League. European football’s governing body does not allow for the sale of tangible assets to sister companies to count towards its financial fair play (FFP) calculations. UEFA is in talks with Chelsea over a financial settlement after its spending limits were breached.
Through a Premier League…
