MX23RW : Sunday, November 24 17:29:06| >> :60:3565:3565:

Chelsea 'facing Premier League battle over possible financial breach'

Chelsea 'facing Premier League battle over possible financial breach'
© Reuters
Chelsea allegedly face a battle to express that any financial breaches with the Premier League were a result of government-imposed sanctions in 2022.

Chelsea reportedly face a battle to overcome any breaches of financial regulations set by the Premier League.

Since a consortium led by Todd Boehly completed a takeover at the end of May, the Blues have gone on a relentless spending spree in the transfer market.

While some fees have remained officially undisclosed, it has been widely claimed that the West Londoners have spent over £600m across two transfer windows, while not recouping much in return.

As a result, the powers-that-be at Chelsea are already aware that significant cutbacks must be made ahead of 2023-24, and an array of players sales are expected to occur.

The severity of the situation has been highlighted to some extent this week, Chelsea announcing losses of £121m for the 2021-22 season with the club putting that down to 'extraordinary expenses and a loss of revenue'.

Roman Abramovich pictured in May 2017© Reuters

Between March and May of 2022, Chelsea were unable to generate any income, a consequence of government-imposed sanctions on then-owner Roman Abramovich on the back of Russia instigating a military invasion of Ukraine.

However, according to the Daily Mail, those restrictions only contributed to a small fraction of their financial losses for that season.

Furthermore, the report claims that Antonio Rudiger had already decided to leave Chelsea on a free transfer before the club were informed that they could not negotiate any new contracts.

Being prevented from agreeing new commercial deals and the impact of the coronavirus pandemic could also be used as a defence, but nonetheless, Chelsea will likely have to put forward a case to explain their position.

Chelsea co-owner and chairman Todd Boehly before the match on March 4, 2023© Reuters

Premier League regulations state that a maximum of a £105m loss can be made over a three-year period, and their recent negative return follows a £153.4m loss for 2020-21.

With Chelsea struggling for Champions League qualification for 2023-24, they face the realistic prospect of further expected revenue disappearing, and would need to react accordingly.

Progress in this year's competition is also deemed valuable, with Chelsea in line to collect in the region of £8m if they can get past Real Madrid to reach the semi-finals.

Earlier this week, it was suggested that as many as eight players would need to be sold to help fulfil the necessary criteria, Chelsea currently having in excess of 30 players in their senior group.

ID:510100:1false2false3false:QQ:: from db desktop :LenBod:collect4410:

Click here for more stories about Todd Boehly

Click here for more stories about Chelsea

Collect / Create New Data
Share this article now:
Chelsea owner and chairman Todd Boehly pictured in the stands on August 27, 2022
Read Next:
Chelsea 'to ask for exemption from PL spending rules'
>
Sports Mole Logo
Enter your email address to subscribe to Sports Mole's free daily transfer newsletter! Sent twice a day during the transfer window.
rhs 2.0
Today's games header
6pm
Vikings
@
Bears
6pm
Lions
@
Colts
6pm
Patriots
@
Dolphins
6pm
Buccaneers
@
Giants
6pm
Chiefs
@
Panthers
6pm
Titans
@
Texans
6pm
Cowboys
@
Washington
9.05pm
Broncos
@
Raiders
9.25pm
49ers
@
Packers
9.25pm
Cardinals
@
Seahawks
Tables header RHS
TeamPWDLFAGDPTS
1Liverpool1210112481631
2Manchester CityMan City127232217523
3Chelsea126422314922
4Arsenal126422112922
5Brighton & Hove AlbionBrighton126422116522
6Tottenham HotspurSpurs1261527131419
7Nottingham ForestNott'm Forest125431513219
8Aston Villa125431919019
9Newcastle UnitedNewcastle115331311218
10Fulham125341717018
11Brentford125252222017
12Manchester UnitedMan Utd114341212015
13Bournemouth124351617-115
14West Ham UnitedWest Ham113351319-612
15Everton122551017-711
16Leicester CityLeicester122461523-810
17Wolverhampton WanderersWolves122372028-89
18Crystal Palace121561017-78
19Ipswich TownIpswich111551222-108
20Southampton121110924-154


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
Argentina's Lionel Messi kisses the World Cup trophy after collecting the Golden Ball award on December 18, 2022Sign up for our FREE daily preview newsletter direct to your inbox!