Stefan Borson shares verdict after confirmed £190m Chelsea news

Chelsea’s owners have injected £190million into the club because there isn’t currently enough money coming in to pay the bills at Stamford Bridge.

That is the view of finance expert Stefan Borson, who exclusively told Football Insider the ownership group are utilising cash to pay the club’s substantial operating costs.

Football Insider revealed on 16 October Chelsea have received a £190million injection from their owners in the form of a new share issue.

The London giants’ 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.

Chelsea posted a loss of £89.9million in their latest accounts for 2022-23 despite top-flight clubs only being allowed to lose £105million over a rolling three-year period.

Chelsea owners need to invest to pay operating costs

Borson insisted the club’s owners need to keep putting money in to pay the wages and other expenses at Stamford Bridge.

He told Football Insider: “I think it’s just that the business needs cash.

“It’s operating at a loss, so it is utilising cash to pay the bills. On an operating basis, there is just not enough cash coming in to pay for everything that’s going out in very simple terms.

“Therefore, the club has to put more money in just so it can pay the wages and everything else.

“That can be done in various ways. You can do it by raising debt if you can or by issuing equity, which is the way they have done it.

“We know about shareholder loans and all that controversy that’s ongoing at the moment.

“Chelsea are a club that won’t have shareholder loans because they don’t have a single, very wealthy owner, so that makes it more complicated to put in a shareholder loan because you would have to have a shareholder loan from two different parties. You would want to charge market interest rates.

“Of course, we know that most people haven’t charged market interest rates for the shareholder loans, so they are doing it by equity. It’s not a big surprise.

“It’s exactly the same as many clubs do in terms of putting new money into the club.”

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The post Stefan Borson shares verdict after confirmed £190m Chelsea news appeared first on Football Insider.