Chelsea reveal pre-tax losses of just over £90m in Todd Boehly’s first full year

Chelsea have announced pre-tax losses of £90.1million in the 12 months up to June 2023, their first full year under the ownership of Todd Boehly’s Clearlake Capital consortium.

The figure, an improvement on the previous years’ loss of £121.4m, was also listed in the accounts filed for holding company Blueco, via which Boehly purchased the club from former owner Roman Abramovich in May 2022.

Blueco itself, which also owns French Ligue 1 side Strasbourg, recorded losses of £653m from its founding in March 2022 up to June 2023.

Chelsea’s turnover is up from £481.3m in 2021/22 to £512.5m, thanks in part to player sales as the club has offloaded a substantial number of its more experienced squad members since Clearlake took ownership.

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