Stefan Borson: Chelsea could have completed another off-field deal after £200m reveal

Chelsea could have completed another off-field deal to avoid a potential profit and sustainability (PSR) breach last season.

That is the view of finance expert Stefan Borson, who exclusively told Football Insider the west London club would have lost around £200million again for 2023-24 following their heavy spending.

Chelsea’s latest published accounts revealed they sold two Stamford Bridge hotels to a sister company last year for a total of £76.5million.

That meant their losses fell from potentially as high as £166.4million to £89.9million for the 2022-23 financial year alone.

ESPN reported on 4 September the Premier League has now ratified the hotel sales after it conducted a “fair market valuation” under the associated party transaction (APT) rules.

Chelsea are expected to have been close to the spending limit again last season, with the PSR rules stating top-flight clubs can lose a maximum of £105million over a rolling three-year period.

In a further attempt to offset their major losses, the Premier League side are believed to have sold their women’s team to a sister company in June this year, with the deal expected to be worth in excess of £150million.

Chelsea need to make off-field sale to avoid PSR breach

Borson suggested Chelsea need to have completed a similar deal to the hotel sales to avoid a PSR breach for 2023-24.

He told Football Insider: “With the hotel sales, they will have passed 2022-23, otherwise, we would have heard about it.

“But 2022-23 is also in the mix for the assessments for the two periods after because of the way the three-year assessment runs.

“The question will still be in respect of the season just finished what they sold of an equivalent size to the hotels from a profit perspective to get themselves over the line.

“Was it the women’s team? Was it the training ground? Was is something else? We don’t know yet.

“We will learn about it in due course, but I don’t think there is any question that they will lose around £200million again for 2023-24.”

In other news, fans stunned by “corrupt” Premier League after Chelsea news.

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