Chelsea put Reece James & Conor Gallagher up for sale as Blues attempt to keep in line with FFP rules following lavish £1bn spend

Despite being top performers at Stamford Bridge, The Times have reported that the Todd Boehly and Clearlake Capital-led club may be ready to approve the sales of James and Gallagher. The sale of the duo would reflect as a total profit in the club's finances due to them being 'homegrown talents.'

Since the takeover by Clearlake Capital in 2022, Chelsea have spent a staggering sum of money on players, coaches, and support staff. As a result, they run the risk of breaking the Premier League's Profitability and Sustainability Rules, just like Everton and Nottingham Forest, who have already received their penalties.

The report suggests that Chelsea want to generate well over £100 million in additional revenue in their 2023-24 finances to avoid surpassing the league’s £105 million limit on allowable losses over three years. Since assuming possession of the London team in May 2022, Chelsea's current owners have spent more than £1 billion. The Blues have broken the domestic record fees twice and changed managers three times since the takeover.

If they want to sell James and Gallagher for the aforementioned reasons, they will have to do so before June 30, otherwise, their sales will reflect in the 2024-25 finances and put them in trouble with the earlier mentioned three-year period allowable losses limit.