Since Clearlake Capital took over Chelsea Football Club, the landscape at Stamford Bridge has changed dramatically.
The Blues have failed miserably under new ownership, with Todd Boehly’s prediction that they will beat Real Madrid 3-0 in their April 2023 fixture in their first football game in an outrageous and disrespectful way for the Kings in the Champions League.
?? “Chelsea will win 3-0 tonight.” ?
Todd Boehly too confident to beat Real Madrid? pic.twitter.com/L0SvqSmlGa
– Football Daily (@footballdaily) April 12, 2023
In any case, the amount of money spent over the last few seasons should have seen success on the field, but that has not been forthcoming.
Enzo Maresca is now responsible for doing better than the likes of Thomas Tuchel, Graham Potter, caretaker Frank Lampard and Mauricio Pochettino.
It won’t be a walk in the park for the Italians, who, let’s not forget, have never managed an English top-flight side.
Chelsea’s finances are not in good shape – football finance expert
In fact, he has never managed a team in the top division anywhere, only playing for Parma and Leicester City in the Italian and English second division.
Away from the headlines, there is a level of financial mismanagement under Clearlake that has made it into the public domain.
Football finance expert, Stefan Borson, discussed the same with Football Insider, and it doesn’t make good reading for long-suffering Chelsea fans.
“It’s very difficult to understand exactly what the plan is at Chelsea right now because they continue to spend,” he said.
“They will reach a point where they are approaching £300million in player fees per year to match the £400million wage bill in 2022-23.
“Maybe it will be £300million last season and next season I think it will be £300million again.
“That means you start the season with £600million in costs and wages.
“The revenue is between £400-450million, so they’re just £150million down and we haven’t talked about that figure for the club’s other operating costs, which are probably £150million.”
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