Chelsea are reportedly set to face a points deduction penalty for breaching the Premier League’s Profit and Sustainability Rules.
Since Todd Boehly and Clearlake Capital took over in May 2022, Chelsea has splurged nearly £1 billion in four transfer windows, with the bulk of the spending occurring in the initial three windows.
However, they opted not to increase spending in January due to mounting dissatisfaction with the league’s regulations.
Club management at Chelsea is hopeful that the regulations will be met by the upcoming accounting deadline on June 30.
Despite a decrease from £121.4 million to £90.1 million in reported losses for 2021-22, the club still totals £211.5 million.
The Profit and Sustainability rules dictate that Premier League clubs cannot exceed £105 million over a three-season period, prompting plans for a potential sale of players by the end of May or early June. The specific players to be sold remain uncertain.
Reports suggest that Chelsea may not avoid Premier League sanctions until the 2024–2025 season. Senior journalist Pete O’Rourke, speaking on the Inside Track Podcast, believes Chelsea will likely face punishment, including a points deduction.
While no charges have been officially brought forth, Chelsea has previously been under investigation for financial matters during Roman Abramovich’s ownership.
Chelsea’s parent company, BlueCo, a US consortium, anticipates penalties for acknowledging financial improprieties.
A points deduction, similar to Everton’s eight-point penalty for two violations and Nottingham Forest’s four-point deduction, is anticipated.
Beyond off-field troubles, Chelsea has also encountered challenges on the pitch, notably losing to Arsenal and drawing against Aston Villa in recent fixtures.
