Fans reading that Chelsea posted a net loss of £121m for the last financial year may think that’s not too bad, given our wild transfer spend under the new ownership.
But these results are for the 2021-2022 financial year, meaning they run only until last April, and while they do include some of the losses caused by the sanctions on the club during the takeover, they don’t include the last two windows of spending.
In fact, in this period the Athletic claim we actually made a small profit of £5.2m on player trading, following a summer of big sales like Kurt Zouma, Mar Guehi and Tammy Abraham, according to the Athletic.
So next year’s results are likely to be much much worse, as start paying the price for £1bn of transfer fee expenditure. That means our financial results are going to get a lot worse before they get better, and next year’s numbers are going to be very ugly indeed.
