Chelsea co-owner Todd Boehly will have to raise significant funds through player sales this summer to avoid breaking the Premier League's financial fair play rules. This comes as the Blues have reported substantial losses for the second season in a row, as the Times reports.
Despite recording a large profit on player sales during that time, the club reported a £121million loss for last season, following on from further losses of £153.4million for 2020/21. These figures haven't stopped Boehly spending big in the transfer market, with the club having spent around £600million during his two windows since taking joint ownership of the club last May.
This outlay, coupled with an anticipated drop in prize money due to a poor season on the pitch, has led to some concern over whether they could be in breach of the Premier League's profit and sustainability rules for this year, although the club say they have complied with them. The rules allow maximum losses of £105million over a rolling three-year period, leaving Chelsea in a sticky situation if they record another set of hefty losses this time next year.
