In addition, the Club made a profit on player trading of £123.2 million in the year, including the sales of Tammy Abraham to AS Roma, Marc Guehi to Crystal Palace, Fikayo Tomori to AC Milan, and Kurt Zouma to West Ham.
This was followed by a loss in 2013 and then their highest ever profit of £18.4 million for the year to June 2014. In 2018 Chelsea announced a record after-tax profit of £62 million.
The total revenue generated by Chelsea FC in the 2021/22 season represented an increase of 15 percent on the previous year, with the largest share of revenue coming from broadcasting payments. At 277 million euros, this was nearly half of the club's revenue for the year.
As reported by The Times, annual accounts for Fordstam Ltd, Chelsea's parent company, showed that the 55-year-old loaned the club £19.9 million last season - taking the total debt to £1.514 billion.
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Are Chelsea losing money?
The above contributed to the Group recording a loss before player impairments and one-off expenses of £26.6 million for the year ended 30 June 2022, and an overall net loss of £121.3 million.
The highest gross financial debt in the Premier League was at Tottenham £853m, mainly due to loans taken out to fund their new stadium, followed by Manchester United £636m and Everton £555m. Much of the debt at other clubs is fairly “soft”, as it has been provided by owners.
City's figure is up from £613m and the club almost doubled its profit to £80.4m, from £41.7m, despite a large increase in wages. The 2022-23 season was highly successful for City, who won a Premier League, Champions League and FA Cup treble, boosting finances through commercial and broadcast revenue.
Over the past 19 years Chelsea has borrowed $1.9 billion of interest free debt from Roman Abramovich. The club has operated at a loss for 14 of Abramovich's 19 seasons at the helm.
Chelsea's £1.6bn Abramovich debt becoming a concern as Boehly tries to finalise takeover of club. Chelsea's £1.6 billion debt to sanctioned owner Roman Abramovich is becoming a concern as Todd Boehly's consortium attempts to finalise a deal to acquire the club this week.
It has been widely documented that Chelsea have exploited the legal limits of amortisation (the process of spreading a transfer fee over the length of a player's contract for accounting purposes) in order to make their spending money go further.
Chelsea have become the first Premier League club to accumulate losses exceeding £1billion. Their latest accounts show Chelsea made a Premier League record operating loss of £235million for the financial year ending May 2022.
He is the former owner of Chelsea, a Premier League football club in London, England, and is the primary owner of the private investment company Millhouse LLC. He has Russian, Israeli and Portuguese citizenship. Former owner of Chelsea F.C.
Clearlake Capital assumed the majority shareholding but Boehly has joint control and equal governance of Chelsea. Hansjoerg Wyss and Mark Walter also hold shares in Chelsea as part of the consortium that owns the club.
Blues warned they face huge points deduction - worse than Everton's - for breaching FFP regulations unless they sell £100m worth of talent this summer. Chelsea have been warned that they could face a huge points deduction if they do no sanction £100 million ($128m) worth of sales in the summer.
This process is called amortisation, which spreads out the cost of transfer fees over a longer period so that the annual cost is reduced. That appears to be the strategy that Chelsea have employed over the last couple of windows.
Debt is something that plagues every football club. Only four clubs in Europe are free of it: Paris Saint Germain, Manchester City, Leicester City, and Chelsea. Chelsea, up until a few months ago, would have ranked high on the list, but Roman Abramovich waved away the debt owed to him by the club.
Clubs' operating profits (excluding player trading) totalled £459m in 2021/22, a marginal (£1m) drop on the previous season. Despite aggregate revenue growth (£586m) outpacing wage increases (£192m), escalation of wider operating expenses (£395m) contributed to a net reduction in operating profits.
Of this, £139m needs to be paid within the next 12 months. On the other hand, City are owed £168m by other clubs, so their net payables are only £36m. Furthermore, City's £204m gross transfer debt is still a lot less than the £277m owed by Manchester United and also below Tottenham's £252m (2021/22 figure).
