Chelsea have released their annual report and financial statements for the year ended June 30, 2022, meaning the cost of the club's restructure has now been revealed
Chelsea spent a whopping £368.7million on restructuring the first-team squad in terms of players and staff from June 30 of last year until the end of 2022.
The club have now released their annual report and financial statements and recorded a total net loss of £121.3m last season. A US consortium headed by Todd Boehly and Clearlake Capital took over from Roman Abramovich at the end of May 2022 after a really worrying and uncertain couple of months for the club.
Despite the net loss, it did not discourage the new ownership group to spend big when it came to the 2022 summer transfer window. The likes of Wesley Fofana, Marc Cucurella, Raheem Sterling, Kalidou Koulibaly, Carney Chukwuemeka, Pierre-Emerick Aubameyang and Denis Zakaria were all signed by Chelsea in Boehly's first transfer window as co-owner.
Then, just seven games into the 2022/23 season, Thomas Tuchel was relieved of his duties by the club in a rather brutal fashion. The club's ownership group and Tuchel didn't see eye to eye over the long-term vision and they parted company with immediate effect.
Chelsea spent just north of £20m to get Potter out of his contract at Brighton & Hove Albion so a rather sizeable chunk of the amount spent went on that. But it was the signings undoubtedly that made the most impact on the aforementioned numbers.
The statement on the UK Government's website reads: "Event after the reporting date [June 30, 2022]: Since the year end, the Group has acquired the registration of 18 football players and restructured the first team management of an initial cost of £368.7m and disposed of the registration of 16 players at a profit of £22.2m.
"Furthermore, since the year end the company incorporated a new wholly owned subsidiary, Chelsea FC US Inc., incorporated in the United States."
Visdlrsuyz
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Is it too early to question Todd Boehly's ingenuity in business management in particular ,and administration in general? How come Chelsea lost 121million dollars under Todd Boehly 's management of the Club in the first year ? And more expenditures are in the offing in 2023. Unless these INCOMPETENT ENGLISH PLAYERS , Sterling, Gallagher , Luftus-Cheek, Mason Mount, Lewis Hall, etc and dead woods like Marc Cucurella , KAI HARVEZ Zyeich , Pulisic Koulibaly, Aubanmeyang etc are speedily despatched through outright sale, loan agreements, etc Chelsea Football Club will go broke sooner than later. Of course, a really COMPETENT COACH can change the fortunes of Chelsea for the better over night. NOT STOPGAP COACHES LIKE FRANK LAMPARD .
johnnyetu
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olah.. Chelsea need to work with mudryk;kante; zakaria and Aubameyaung that is all.. pls lampard must try this..
David Datro fofana and madueke as well.
Senceosuz
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Unlike Roman Abramovic, they are here for the business and money , they didn't come for football.
Nizilnorst
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olah.. Chelsea need to work with mudryk;kante; zakaria and Aubameyaung that is all.. pls lampard must try this..
Riuabcemp
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Hey Chelsea FC funs
Riuabcemp
1
My first x1 is