Stefan Borson drops extraordinary '£600m' Chelsea reveal

Chelsea could already be operating at a loss of £150million for the upcoming season before a ball has even been kicked.

That is the view of finance expert Stefan Borson, who exclusively told Football Insider the costs of player amortisation and wages for 2024-25 are likely to be around £600million, while their turnover is only expected to be between £400-450million.

The west London club have been close to the profit and sustainability (PSR) limit over the past couple of seasons after signing several players in big-money deals.

It’s been another busy summer for Chelsea after they have drafted in 10 new additions for a total of £185.4million.

Since BlueCo – a consortium led by Todd Boehly – took over the Premier League side in May 2022, they have spent more than £1.2billion on transfers.

Chelsea plan hard to understand after latest spending spree

Borson admitted it’s hard to understand what the plan is from Chelsea’s owners as they continue to spend heavily in the transfer market.

He told Football Insider: “It’s very hard to properly understand what the plan is at the moment at Chelsea because they keep spending.

“They are going to get to a situation where they approach £300million of player amortisation per year to go with a wage bill that for 2022-23 was £400million.

“It will probably be £300million for the season just gone and for the upcoming season I would think it will probably be £300million again.

“That means you start the season with £600million of costs of amortisation plus wages.

“The turnover is between £400-450million, so straight away they are £150million down and we haven’t even talked in that equation about the other operating expenses of the club, which are probably another £150million.

“It’s very hard to understand from the outside what their plan is in the short, medium and long term.

“But they are high-quality people, you would think they do have a plan.”

In other news, Chelsea to complete A-list striker signing after deal agreed.

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The post Stefan Borson drops extraordinary '£600m' Chelsea reveal appeared first on Football Insider.