'I've Never Seen Anything Like This' - Keith Wyness: Chelsea face astonishing £500m+ payout
Everton’s former chief Keith Wyness has claimed Chelsea have tackled their £500million-plus transfer debt through a new share issue from the club’s owners. Speaking on... The post 'I've Never Seen Anything Like This' - Keith Wyness: Chelsea face astonishing £500m+ payout appeared first on Football Insider.
Everton’s former chief Keith Wyness has claimed Chelsea have tackled their £500million-plus transfer debt through a new share issue from the club’s owners.
Speaking on the new edition of Football Insider’s Inside Track podcast, the 66-year-old – who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs – insisted he has “never seen anything like” the figures owed by the Blues to other clubs.
Football Insider revealed on Wednesday (16 October) that Chelsea have received a £190million injection from their owners in the form of a new share issue.
The Blues’ finances have been firmly in the spotlight after they have been close to breaching the Premier League’s Profit and Sustainability Rules (PSR) over the past couple of seasons.
The London giants posted a loss of £89.9million in their latest accounts for 2022-23 despite top-flight clubs only being allowed to lose £105million over three years.
Chelsea’s losses didn’t stop them from spending big in the most recent summer window, with the likes of Pedro Neto and Joao Felix joining for huge fees.
Chelsea tackling unprecedented transfer debt with £190m share issue, says Wyness
Wyness told Football Insider‘s Insider Track podcast: “It’s pretty clear to me what the £190million is for.
“From my calculations, they owe about £530million in unpaid transfer fees going forward.
“That’s a big, big number.
“There’s about £270million due in the next year – that shows you the kind of spending spree we’re talking about.
“There is no doubt in my mind that this £190million investment is going towards these fees, that’s where it has got to go.
“It’s a cashflow issue as much as anything else, but they’ve got the deep pockets to do it.
“I don’t think I’ve seen anything like that before with a club owing quite that much.”
In other news, Arsenal and Chelsea race to complete Viktor Gyokeres deal, says top source.
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The post 'I've Never Seen Anything Like This' - Keith Wyness: Chelsea face astonishing £500m+ payout appeared first on Football Insider.
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