Chelsea announces 653 million pounds net loss

Chelsea’s parent company BlueCo 22 announced net losses of 653 million pounds ($832.71 million) after tax for the March 2022 to June 2023 period, while the Premier League club suffered 90.1 million pounds in losses before tax, company filings showed. The consortium BlueCo, led by American Todd Boehly and Clearlake Capital, purchased west London outfit […]

Chelsea’s parent company BlueCo 22 announced net losses of 653 million pounds ($832.71 million) after tax for the March 2022 to June 2023 period, while the Premier League club suffered 90.1 million pounds in losses before tax, company filings showed.

The consortium BlueCo, led by American Todd Boehly and Clearlake Capital, purchased west London outfit Chelsea in 2022.

The loss for Chelsea in the 12-month period was lower than the 121.4 million pounds for the previous year.

The club also had increased matchday and commercial revenue after they operated without the government restrictions placed on them after Russia’s invasion of Ukraine, when former Chelsea owner and Russian billionaire Roman Abramovich was sanctioned.