Chelsea FC has successfully navigated its financial landscape, turning a pre-tax loss of £90.1 million into a profit of £128.4 million for the year ending June 30, 2024. This improvement follows a challenging phase under the ownership of Clearlake Capital and Todd Boehly. Key to this turnaround was the sale of players and the women's team to the club's parent company, which aided compliance with Premier League profitability and sustainability rules. However, the transactions have attracted scrutiny regarding fair market value and associated-party transactions, reflecting ongoing challenges as the club repositions itself financially.
Chelsea FC achieved a remarkable financial turnaround, moving from a pre-tax loss of £90.1 million to a profit of £128.4 million by selling player registrations and their women's team.
Despite a dip in revenue to £468.5 million, Chelsea’s strategic changes, including selling their women’s team to BlueCo 22, played a pivotal role in complying with profitability regulations.
The Premier League's scrutiny over Chelsea's financial dealings emphasizes the ongoing concerns about fair market values in associated-party transactions following the sale of team assets.
As the club navigates through tumultuous times since their takeover, Chelsea's strategic sales are aimed at regaining financial stability while focusing on both men’s and women’s teams.
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