With Chelsea's yearly financial accounts being released comes an even clearer image of just how far Todd Boehly has to take the club from an administrative perspective. Although the report, which is yet to be revealed in full thus leaving some details to the imagination for now, shows a rise in key areas it is far from ideal for the new owners.
Finances since 2020 have been heavily impact by Covid-19, a point that Chelsea do not hide, but the further issue of being under Roman Abramovich's umbrella when the Russian oligarch was sanctioned in March 2022 has also had a major effect. The Blues had their hands tied during that period and addressed the situation and its affects in their statement.
"The results for the year have been impacted by the sanctions placed on the Club’s previous owner on 10 March 2022," it reads. "As a result of the sanctions, the Club was required to operate within the limitations of a special licence issued by the UK government. These restrictions were in place until the completion of the Club’s sale on 30 May 2022.
