Sport nationSpeaking on the new edition of Football Insider’s Inside Track podcast, the 66-year-old – who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs – claimed there will be “unhappy” Blues fans in 2025 unless their side can pull off some “very clever engineering in the transfer market”.
Chelsea have now spent more than £920million (as per Transfermarkt) since Todd Boehly and Clearlake Capital bought the club in 2022.
The Blues announced a loss of £90.1million for the 2022-23 campaign earlier this month, down from a £121.4million deficit in the previous season.
Under current Profitability and Sustainability Rules (PSR), top-flight clubs are only permitted to lose a maximum of £105million over three years.
‘Biggest breach so far’ at Chelsea – ‘there’s no way out’, says Wyness
Everton and Nottingham Forest have already been handed points deduction for breaching PSR.
Wyness told Football Insider‘s Insider Track podcast: “I think this time next year, we’re going to be sitting here discussing the Chelsea rule breach.
“I don’t think the Premier League have left themselves anywhere else to go but a serious points deduction.
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“I think Chelsea could have had the biggest breach so far – unless there is some very clever engineering done in the transfer market, but I think it will be very hard to do.
“Listen, don’t underestimate Todd Boehly and his ability and connections with Saudi Arabia.
“There is a lot of connections between Saudi and his investment group to try and pull something out of the fire, but I feel there is no way out of this one for Chelsea.
“This time next year, we’ll be talking about unhappy Chelsea fans.
Chelsea
“There will be a lot more documents from the Everton and Nottingham Forest cases setting up precedents for how these things are going to be handled.
“It won’t be pleasant reading for Chelsea.”
In other news, Chelsea ready big-money deal as talks get underway.
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Chelsea Football Club is reportedly facing a significant challenge regarding its financial operations, which could lead to a severe points deduction due to what has been described as the “biggest breach so far” of the Premier League’s Profitability and Sustainability Rules (PSR). Former Everton CEO Keith Wyness has expressed concerns over Chelsea’s financial situation, highlighting the club’s extensive spending since the takeover by Todd Boehly and Clearlake Capital in 2022. Chelsea’s expenditure has surpassed £920 million, according to Transfermarkt, and the club reported a loss of £90.1 million for the 2022-23 season, a decrease from a £121.4 million deficit in the previous year[10].
Under the current PSR, Premier League clubs are allowed to incur losses of up to £105 million over a three-year period. However, Chelsea’s financial activities have raised alarms about potential breaches of these regulations. Everton and Nottingham Forest have already faced points deductions for similar breaches, setting a precedent that could impact Chelsea’s situation[10].
Wyness, speaking on the Football Insider’s Inside Track podcast, suggested that Chelsea might find it challenging to navigate out of this predicament without “very clever engineering in the transfer market.” He also hinted at the possibility of leveraging Todd Boehly’s connections with Saudi Arabia to mitigate the situation. Nonetheless, Wyness believes that Chelsea may inevitably face a serious points deduction, leading to discontent among the club’s fans[10].
This situation places Chelsea in a precarious position as they navigate the financial regulations of the Premier League. The club’s significant investment in player acquisitions since the new ownership took over has brought about remarkable changes but now also poses a risk of severe penalties under the PSR. As the Premier League continues to enforce its financial rules strictly, Chelsea, along with other clubs, must carefully manage their finances to comply with the established guidelines and avoid punitive measures[10].
Citations:
[1] Chelsea in trouble! Blues told they face huge points deduction https://www.goal.com/en-gb/lists/chelsea-trouble-blues-warned-huge-points-deduction-worse-everton-breaking-ffp-unless-sell-100m-talent/blt33a9bd216f7cd50b
[2] Chelsea and Man City warned they could be KICKED OUT of … – The Sun https://www.thesun.co.uk/sport/26806418/chelsea-man-city-ffp-relegation-warning/
[3] Chelsea FC – Transfers 23/24 – Transfermarkt https://www.transfermarkt.co.uk/fc-chelsea/transfers/verein/631
[4] Premier League profit and sustainability regulations explained https://www.skysports.com/football/news/11095/13041990/premier-league-financial-fair-play-rules-explained-what-restrictions-are-there-on-clubs-spending-what-they-want
[5] Chelsea ‘face bigger points deduction’ than Everton … – GB News https://www.gbnews.com/sport/football/chelsea-news-points-deduction-premier-league
[6] Chelsea facing ‘more severe’ points deduction than Everton … – Goal.com https://www.goal.com/lists/chelsea-more-severe-points-deduction-everton-nottingham-forest-psr-breaches-financial-expert-prediction/blt406ee25a851f28e1
[7] Chelsea FC – All transfers – Transfermarkt https://www.transfermarkt.co.uk/fc-chelsea/alletransfers/verein/631
[8] What are Premier League Profit and Sustainability Rules? Nottingham … https://www.sportingnews.com/uk/football/news/premier-league-profit-sustainability-rules-financial-fair-play/42ef3c1a91043e191482250d
[9] Chelsea have obvious next FFP decision to make as points … https://www.football.london/chelsea-fc/news/chelsea-obvious-next-ffp-decision-28852749
[10] Chelsea ‘can’t escape points deduction’ as Todd Boehly warned … https://www.express.co.uk/sport/football/1880840/Chelsea-points-deduction-Todd-Boehly
[11] The €1bn club: Chelsea’s spending in three transfer windows – ESPN https://www.espn.co.uk/football/story/_/id/38304925/chelsea-spend-1-billion-euros-players-three-transfer-windows
[12] Chelsea facing ‘more severe’ points deduction than Everton … – Goal.com https://www.goal.com/en-gb/lists/chelsea-more-severe-points-deduction-everton-nottingham-forest-psr-breaches-financial-expert-prediction/blt406ee25a851f28e1
[13] Chelsea’s FFP stance explained as Everton and Nottingham Forest … https://www.football.london/chelsea-fc/news/chelseas-ffp-stance-explained-everton-28450011
[14] Leicester City facing possible points deduction over alleged breaches of … https://www.sportspromedia.com/news/leicester-city-premier-league-financial-rules-breach-charges-chelsea/
[15] Allegations against Chelsea: Legal Considerations https://siphillipstalkschelsea.substack.com/p/allegations-against-chelsea-legal
[16] REPORT: Chelsea could face ‘more severe’ points deduction than … https://www.pulsesports.ng/football/story/report-chelsea-could-face-more-severe-points-deduction-than-everton-nottingham-forest-2024032314111386747
[17] Chelsea face ‘more severe’ points deduction than Everton … – The Sun https://www.thesun.co.uk/sport/26830719/chelsea-points-deduction-financial-charges/
[18] Chelsea could face points deduction amid Premier League investigation … https://talksport.com/football/1526580/chelsea-premier-league-financial-breaches-investigation/
[19] Premier League Giants Facing Expulsion Threat Over Financial … https://www.ibtimes.co.uk/premier-league-giants-facing-expulsion-threat-over-financial-fair-play-breaches-1724035
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