Chelsea have assured the fans about FFP fears saying there is nothing to fear; Here is what they said.
As we all know Chelsea is facing a lot of issues concerning financial fairly and they could face some sanctions but Chelsea board have said there is nothing to worry about. Full statement here;
The Blues detailed an overall net loss of £121.3million despite generating £123.2m profit in player trading in their annual financial results for the year ending June 2022.
Chelsea remain confident that they will continue to comply with UEFA and Premier League financial regulations despite spending a world-record £600m across the last two transfer windows.
That’s despite sanctions placed on Roman Abramovich by the UK Government in March 2022 as Russia’s invasion of Ukraine saw limits placed on the club.
Under a special license issued by the Department for Digital, Culture, Media and Sport, they couldn’t collect revenues from match activity, merchandising, events or commercial partnerships.
Player sales, including those of Tammy Abraham to AS Roma, Marc Guehi to Crystal Palace, Fikayo Tomori to AC Milan and Kurt Zouma to West Ham, helped minimize losses in a year that Romelu Lukaku was signed from Inter Milan in a then-club record £100m deal.
The new Boehly-Clearlake ownership group were only in place for the last month of the period that is covered in the latest accounts.