Chelsea faces pressure to comply with Premier League's profit and sustainability rules after revealing a £90.1 million pre-tax loss and a significant increase in wages to £404 million in their latest annual accounts.

By the Numbers
  • Chelsea posted a pre-tax loss of £90.1 million in the year ending June 30, 2023.
  • Wages increased from £340.2 million in 2022 to £404 million in 2023.
Yes, But

Chelsea maintains confidence in remaining compliant with the Premier League’s profit and sustainability rules for the 2023-24 season despite the concerning financial figures.

State of Play
  • Chelsea faces a challenge to comply with PSR and may need to sell players before June 30.
  • The club raised £203 million from player sales and made a net profit of £62.9 million on player trading.
What's Next

Chelsea's amortisation figure has soared to £205 million, increasing pressure to keep within PSR by June 30; the club expects changes in their wage bill for the 2023-24 accounts.

Bottom Line

Chelsea's financial challenges underscore the need for strategic player sales and stringent financial management to ensure future compliance and sustainability.