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Football London
Football London
Sport
Sam Hill

Chelsea set for £35m blow as Todd Boehly backs down on £60m demand after home kit reveal

Chelsea are continuing their search for a new shirt sponsor and have reportedly lowered their asking price to just £25million - and will include their women's team as part of the package. The Blues were forced into launching their new 2023/24 home kit without a shirt sponsor after failing to agree a deal with a commercial partner.

Chelsea were taking in £40million a year from their previous sponsorship agreement with Three. The west London outfit were looking for around £60million ahead of next season, and were closing in on a deal with broadcaster Paramount Plus. However, Premier League chiefs told them that such a contract would be in breech of the competition's Deed of License - an agreement between clubs and league.

After engaging in negotiations with gambling company Stake, the Blues pulled out of talks following a huge backlash from supporters. Along with frustration amongst fans, the Premier League is set to ban betting companies from advertising on the front of shirts from the 2026/27 season.

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