The Board

[Fulham Broadway 17,695]

12 hours ago, Vesper said:

Read the room and stop insulting our intelligence with these pathetic briefings

Chelsea fans reacted as fully expected yesterday

https://siphillipstalkschelsea.substack.com/p/read-the-room-and-stop-insulting

Pretty much every single Chelsea fan I know now can see straight through the bulls**t. Every single Chelsea fan I know is sick and tired of how our club is being ran from top to bottom. I’ve never seen them in such unison over this, I seriously mean that. I actually think this next protest might have some legs…

In the last couple of weeks, I’ve even seen the most positive and the most glass half full Chelsea fans I know, finally turn. They’ve finally cracked and finally had enough after keeping some sort of hope with this project, somehow. But I honestly mean it when I say how big it is to finally see this small collection of match-going fans who I personally know, lose hope.

This is the fan who I am talking about in particular, a pal of mine. Check his posts, he’s THE most positive Chelsea fan I know and has been clinging on to hope for a long time. Well, not anymore….

And then, on top of all of that, we get a bunch of pathetic briefings sent out by the club to attempt to tell us that everything is good, they know what they’re doing, and we’re moving in the right direction.

My first response to the latest crap I read yesterday was ‘read the f*****g room people!!’

You honestly think that a single Chelsea fan is going to swallow briefed nonsense from the media this week? Really? You really think it’s just not going to get people even more angry and against you? You really think this is not insulting fan intelligence yet again? If you think any of that, then you need to god damn reality check.

 

Some of it was even just pretty much a copy and paste brief. It’s absolutely laughable!

We were told to judge them after four transfer windows, now we’re basically being told to judge them after this summer window. What on earth is going on!?

So many Chelsea fans have checked out right now. It’s a sad state of affairs. I just want my club back. It’s making me fall out of love with the game.

But they're more intelligent than us because they are rich, like Trump. They know better.

Said no one ever

[Vytis33 1,372]

Remember this like it just happened but somehow feels an eternity ago.  BlueCo out

 

 

[Laylabelle 9,697]

Chelsea have announced the biggest pre-tax loss in Premier League history.

The £262m deficit for 2024-25 eclipses the £179.5m lost by Manchester City in 2011.

Wooo making history!!

https://www.bbc.co.uk/sport/football/articles/cm2k3jdylp1o

Edited 1 hour ago by Laylabelle

[Vesper 30,955]

1 hour ago, Laylabelle said:

Chelsea have announced the biggest pre-tax loss in Premier League history.

The £262m deficit for 2024-25 eclipses the £179.5m lost by Manchester City in 2011.

Wooo making history!!

https://www.bbc.co.uk/sport/football/articles/cm2k3jdylp1o

Sources have told BBC Sport that the reported losses include fines - among them the £10.75m Premier League sanction relating to agent payments made under Roman Abramovich's ownership - as well as write‑offs in the accounts for high‑profile players such as Raheem Sterling, who was released, and Mykhailo Mudryk, who is being investigated over a failed drugs test.

Chelsea believe income will be at record levels in their next accounts, with an extra £85m earned from winning the Club World Cup, plus about £80m in television revenue from the Champions League.

The loss is less than the £355m quoted on Uefa's benchmarking report last month.

That figure is understood to be a result of sales between two clubs in a multi-club model being excluded, with Chelsea having the same owners as French outfit Strasbourg.

Chelsea also revealed their women's team lost £17.1m in 2024-25, with revenue at £21.3m.

What Chelsea need to do to stop the losses

It is important to note that Chelsea have not yet released their full accounts, which will soon be published at Companies House and are expected to provide a more detailed picture.

The only information currently available is from the statement made by Chelsea on Wednesday., external

"People ask whether Chelsea are a football club or a hedge‑fund experiment. I don't think these accounts offer any clearer answer. We are still waiting to see the full picture on Companies House," said football finance expert Kieran Maguire.

He said the figures highlighted the importance of Champions League football to a club that is currently sixth in the league.

He added: "For every one pound you receive from broadcasting [in the Champions League], you only get 11p in the Conference League, and it is much harder for the marketing department to sell a hospitality box for a match against the second‑best team in Denmark than when Barcelona come to town."

There are also concerns that Stamford Bridge is beginning to look dated, leaving Chelsea at risk of falling behind their rivals, particularly with new Premier League squad-cost ratio rules coming into force this summer.

These replace PSR and allow clubs to spend 85% of their total revenues on squad-related costs.

"Chelsea have only a 40,000‑capacity stadium and are around half of Manchester United's size, and probably £50-60m behind others," Maguire added.

"With the introduction of the new squad‑cost ratio rules, it is really important for clubs to boost revenue wherever they can.

"Chelsea are simply behind their rivals, with less to spend on players - and that will take its toll over time."

Maguire agreed that it was unlikely Chelsea would breach Premier League regulations.

Chelsea made a £128.4m profit last year - almost entirely due to the sale of their women's team to themselves, a loophole that has since been closed by the league.

It means pre-tax losses over the past three years are about £220m in total, but Maguire said that Chelsea would have needed to submit the losses accounted for under PSR by 31 December.

"The lack of any news suggests the league is satisfied with their PSR figures," Maguire said.