13 September 2024 - 12:10 PM
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IMAGO | Cole Palmer of Chelsea during a Premier League match between Chelsea FC and Crystal Palace FC at Stamford Bridge this season.
Financial Forecast 2023/24: Chelsea's aggressive transfer strategy is damaging their financial health
- With over €1 billion spent on transfers, Chelsea's unprecedented investment under new US ownership remains unmatched in recent football history, continuously reshaping the squad.
- Off The Pitch’s financial forecast for 2023/24 predicts Chelsea’s player amortisation will remain among the highest in the world, despite a substantial decrease.
- Why it matters: Chelsea’s aggressive spending strategy puts immense pressure on their financial health, especially given their broadcast revenue is projected to hit its lowest level in a decade.
- The perspective: Despite severe financial challenges, Chelsea remain the Premier League's biggest spenders, with no signs of slowing down, even as they compete in the less lucrative UEFA Conference League.
Chelsea’s spending spree in the transfer market has been nothing short of extraordinary, with new owners continuing to invest heavily in the squad throughout the 2023/24 season. High-profile signings like Moisés Caicedo, Christopher Nkunku, and Cole Palmer have marked Clearlake Capital’s and Boehly’s ambitious - and some might say risky - approach to building a competitive team.
And the spending showed no signs of slowing down in the just clo
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