Coming from Fabrizio Romano this evening Chelsea Owner Todd Boehly has been removed as Chelsea CEO and his replacement has taken over the Club
Chelsea faces potential penalties of losing more than 10 points in the upcoming Premier League season if they fail to adhere to the league’s Profit and Sustainability Rules. Since a consortium led by Todd Boehly took over the club at the end of May 2022, Chelsea has splurged around £1 billion on new player acquisitions. To avoid breaching financial regulations, the club must generate over £100 million in player sales by June 30.
Former Manchester City advisor Stefan Borson expressed concerns about Chelsea’s financial situation, suggesting that failure to offload players worth well over £100 million by June 30 could lead to a breach of financial rules. With the European Championship beginning on June 14 and player movements impacted, Chelsea faces a tight deadline to execute sales. Furthermore, potential buyers are likely aware of Chelsea’s urgency to offload players.
Football finance expert Kieran Maguire noted a potential mitigating factor for Chelsea, acknowledging that a change in ownership would not absolve the club of penalties if charged. However, self-reporting violations might be considered in determining the extent of penalties, as seen in Birmingham City’s case. It’s speculated that Chelsea could face a deduction of more than 10 points if found in breach of financial rules, with comparisons drawn to Everton’s situation.
Former Tottenham striker Darren Bent suggests that reinstating Romelu Lukaku in the squad under Mauricio Pochettino’s management could offer significant savings for Chelsea. Despite Lukaku’s past controversies, Bent argues that securing him for free could be a sensible move compared to spending £80-90 million on another striker. Rebuilding the relationship between Lukaku and the club could prove beneficial financially, especially considering the potential cost savings in the transfer market.
