Stefan Borson explains Chelsea face ‘enormous’ £300m transfer bill as spending continues

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Chelsea have been on a non-stop spending spree since Todd Boehly’s takeover.

The American business arrived in London with a bang – and apparently, endless pockets.

Chelsea have smashed spending records under Todd Boehly after splashing £747million on new players in the 2022-23 season alone.

Their spending rampage did not stop there though, and the Blues have added another seven new signings this summer at the cost of £100million.

HITC understands that Chelsea are now working on a £20million deal for Gabriel Mec, as they look to add to their army of talented teenagers.

But Stefan Borson – Manchester City’s former financial advisor – has warned Chelsea that they’re spending could quickly catch up to them.

Chelsea could face £300m amortisation bill

Boehly’s strategy after his 2022 takeover was to sign players to extremely long contracts in order to spread the cost of their transfer fee.

The loophole was quickly stamped out by the Premier League and Uefa, but Chelsea still have a number of big-money stars on long-term contracts at Stamford Bridge.

It means the Blues are still paying out millions every year to cover the costs, and Borson warned that their bills will soon outweigh the club’s turnover.

Speaking on talkSPORT, Borson said “Now, they’ve [Chelsea] got a bigger issue coming up.

“What’s happening is, all they are doing by selling the youth players for a pure profit is creating a situation where they are going to have an enormous amortisation bill in the P&L to go with the wage bill.

“Amortisation plus wages is going to be considerably more than the turnover, and that’s before you even look at the other operating expenses at the club.

“They are approaching £250-£300million – they just keep spending! Everyone can see it.”

Academy sales is a short-term fix

To fund their spending spree, Chelsea have cashed in on several academy products as they add pure profit to a club’s accounts.

READ MORE: Club confirm they will sell £15m Eden Hazard-esque Tottenham and Chelsea target

Conor Gallagher is the latest sent to the chopping block, with the Chelsea midfielder agreeing terms with Atletico Madrid.

Mason Mount, Tammy Abraham and Fikayo Tomori are other examples of academy stars that have been shipped out to help fund more signings, but it seems Chelsea may have to reconsider their transfer strategy.