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MX News Update 2024


Todd Boehly’s net worth skyrockets as Mauricio Pochettino gives Chelsea a huge transfer window boost

Chelsea owner Todd Boehly has seen his heavy investment in the Blues seemingly pay off, despite an inconsistent season on the pitch, as his personal wealth has ballooned over the past year.

The American billionaire heads the BlueCo. consortium, which took over at Stamford Bridge in May 2022 after Roman Abramovich was forced to sell the club, but his time at the helm of Chelsea has been anything but smooth sailing. The Blues have had perhaps their two most inconsistent seasons in the last 25 years since he arrived, having gone through four different managers until landing Mauricio Pochettino.

However, the Argentine has come under significant pressure from supporters as he has failed to steady the ship despite having over £1 billion in player investment at his disposal. The American’s high spending has raised some concerns about the club’s decision-making around Financial Fair Play rules, with points deductions and fines facing the club for several months now.

The club is also at risk of breaching UEFA’s new football revenue rules, which state that clubs competing in European competitions next season will be allowed to receive a maximum of £34 million (€40 million) in the 2022/23 and 2023/24 seasons to lose. , with the Blues making a total loss of £89.8 million last season.

It means the books may have to be balanced by selling players when the transfer window opens this summer, but Boehly has insisted in the past that Chelsea have stuck to the rules. He stated: “The club continues to balance success on the pitch with the financial obligations of meeting UEFA and Premier League financial regulations. The club has been complying with this since their inception in 2012 and expects to do so for the foreseeable future .”

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However, with the inconsistency on the pitch, it was a similar year off the pitch for Chelsea. The 2022/2023 accounts showed the club had brought in £512 million in revenue, which is six percent more than last season. However, they also recorded £249 million in daily operating losses, almost double that of second-place Leicester City (£152 million), and saw their wage bill rise by almost 20 percent to £404 million.