Chelsea got ahead of the story of their losses this week by putting a lot of their financial results on the club website.
BlueCo have lost a lot of money, but Chelsea as a club haven’t lost as much. How does that work?
Well, Sky Sports explained it all quite well in their feature on the subject. The company which Chelsea’s owners created has made a net loss of £653m, but the club itself as a subdivision of that lost just £90.1m in 2023, a major decrease on 2022.
In that case, what did the other £550m odd get spent on? We guess we’ll have to wait for another Sky explained to find out.
You can see it all in the clip embedded here:
