Chelsea have announced $114.8 million in losses for the Premier League club’s first year under Todd Boehly and Clearlake Capital’s ownership. The Blues’ first set of financial results under U.S. ownership was published on Thursday for the financial year ending June 30, 2023.
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Chelsea’s losses the previous year had been just over $155 million so this was a reduction on that figure and the club has clarified that UEFA and EPL financial regulations are still being complied with.
“Despite the loss in the year and the continued fallout from the sanctions placed on the club in the prior year, the club continues to comply with UEFA and Premier League financial regulations,” read Chelsea’s statement. “The rise in turnover was driven by increased matchday and commercial revenue, due in part to the club being able to operate without the government restrictions under which it was operating in the previous year.
“The growth in turnover was also driven by the women’s team winning the Women’s Super League and the Women’s FA Cup and…
