▪️ Chelsea’s operating losses under BlueCo have totalled £689m over the last three years, or £629,000 every single day.
▪️ Under BlueCo, Chelsea has spent £1.867bn on new signings, including more than £1bn on players aged 24 and under. They have spent more on teenagers than the rest of the “Big Six” combined.
▪️ The loss at 22 Holdco Limited, the uppermost UK-registered company in the BlueCo group, was even more stark: £700.8m. In its first 38 months of existence, losses at 22 Holdco were £1.852bn.
▪️ BlueCo has taken on £1.390bn in debt to fund its activities. If 22 Holdco were a single football club, it would be the most indebted on the planet.
▪️ Chelsea’s commercial income of £200.9m trails its nearest "Big Six" rival by over £60m and is more than £100m behind the average of those five teams.
▪️ Chelsea’s wage bill reached £374m last season, accounting for 76% of the club’s total revenue — the highest such ratio among the Premier League’s "Big Six”.
▪️ A £500m loan from Ares Management is currently accruing interest at a rate of 11.23%; if left unpaid until 2033, the total bill is projected to balloon to over £1.4 billion.
@CWeatherspoon_ investigates Chelsea's finances under BlueCo.
https://t.co/uvmqxUu9gc
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