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Chris DaviePublished Mar 21, 2024, 4:53pm|Updated Mar 21, 2024, 4:54pm
Chelsea need to generate over £100 million in player sales in order to avoid a Financial Fair Play (FFP) penalty from the Premier League, according to a former Manchester City financial advisor.
Both Everton and Nottingham Forest have been hit with a points deduction this season after they were charged with breaching the Premier League’s FFP regulations, which permit clubs to record a maximum loss of £105m across a rolling three-year period, or £35m each season.
Chelsea, meanwhile, have spent in excess of £1 billion on new signings since Todd Boehly and Clearlake Capital purchased the club from Roman Abramovich in May 2022.
And football finance expert, Stefan Borson, believes Chelsea could be looking at a stronger punishment from the Premier League compared to Everton and Forest.
‘Possibly more severe,’ Borson told talkSPORT.
‘I think the scale of the losses they’re currently forecasting, to me, appear to be vastly in excess of both Everton and Nottingham Forest.’
Borson now believes Chelsea would need to sell several first-team players before the FFP deadline on June 30.
‘There was an assumption with Mason Mount, because he was announced on Manchester United’s website on July 1 that [his sale] had been put into this current season,’ Borson said.
‘So the £55m of profit was in this season. It now transpires that Mason Mount appears to have been transacted in 2022/23 and that is how they got through.’
When it was suggested that Chelsea now have a £55m hole this season, Borson replied: ‘Correct.
‘Because we also know from the BlueCo accounts that they are currently, from the post-balance sheet events, that they are something like £48m in profit for this year.
‘But of course, this year from an operating perspective, is going to be even worse than last year because they’ve got no Champions League and no Europe at all.’
When asked how Chelsea can financially cope without European football, Borson replied: ‘Really, they have to find buyers for Trevoh Chalobah for £20m, Armando Broja for £40m, and Conor Gallagher for £50m.
‘It’s those sort of deals that need to be done. And by the way, they all need to be done by June 30. That, as we know, is articulated within the Forest decision.
‘There’s a whole conversation about how hard it is to sell players in the period before June. The Premier League actually suggested that more or less that it was impossible.’
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