Stefan Borson insists Chelsea's spending is ‘not sustainable’ despite co-owner’s claims

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(Credit: Imago/Bloomberg Live on YouTube) Thu 19 March 2026 7:30, UK Chelsea’s spending is “not sustainable” despite co-owner Jose Feliciano’s claims about the situation at Stamford Bridge. VISIT THE CHELSEA FINANCE HUB MORE FOOTBALL INSIDER STORIES Why Jose Feliciano didn’t tell the ‘truth’ about Chelsea’s situationChelsea’s pre-tax losses reached £342million last season, according to Uefa’s European Club Finance and Investment Landscape report.

Speaking exclusively to Football Insider, Borson discussed Feliciano’s claims around sustainability. Credit: Imago“There’s nothing unique about Chelsea’s business model anyway.

“That’s the only bit of the model that’s different from other teams that might have been a bit more flexible, and so far, it’s just not worked.” Chelsea’s ‘biggest problem’ revealed after heavy lossesBorson insisted Chelsea’s “biggest problem” is their significant operating expenses over the past few years. “In terms of sustainability, there’s nothing sustainable about losing £200-300m a year at the operating line,” said Borson.