Chelsea seek CASH INJECTION after Boehly's spending spree

Updated: 3 Aug 2023 17:11 BST
3 min read

Chelsea are reportedly seeking a sizeable cash injection just a year after the American takeover of the club.

Todd Boehly and Clearlake Capital bought the club in the wake of Russia's invasion of Ukraine which saw controversial previous owner Roman Abramovich hit with sanctions. Boehly and company proceeded to siphon significant funds into the London club - but with little show for it.

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Despite spending north of €600 million on transfers last term, Chelsea missed out on European football and had to hand out hefty compensations to their sacked coaches Thomas Tuchel and Graham Potter. It was mismanagement on a monumental scale and it has taken its tool.

READ: Chelsea set for MASSIVE windfall from Newcastle transfer

Thus far in the transfer window, Chelsea have managed to remedy some of the mistakes of last season, trimming down their squad and raking in hundreds of millions in sales, though they have been massively helped in this endeavour by the unexpected rise of the Saudi Pro League.

The Blues are also set to earn a sizeable sell-on windfall from Tino Livramento's transfer to Newcastle, which could take their transfer earnings this window up to €270m. However, they have also spent almost €140m on incomings and more deals are expected to be made, so they are now seeking a cash injection.

© ProShots - Chelsea spent €60m on Christopher Nkunku

Boehly looking for investors

That is according to a report from Bloomberg, which claims that Todd Boehly and company have been in talks with potential investors. It is believed that they are looking for an injection of up to $500m.

This isn't purely because of transfers, of course. Boehly is seeking backing for a potential redevelopment of Stamford Bridge to increase the home ground's capacity and make the operation more sustainable.

READ: Chelsea FINALLY make Brighton transfer breakthrough

Boehly also plans to improve Chelsea's commercial strategy and open up more revenue streams. In order to do that, money is required. However, there is no real panic at Chelsea about the club's financial situation at this moment in time, if reports are to be believed.