I've taken a quick look at these accounts.
Firstly, they are group accounts so they essentially include the recognition of Chelsea's assets at their "fair value" on the date they acquired the club (NB this only applies in BlueCo's accounts, the values won't be changed in Chelsea's, except for, perhaps, land and buildings). The key adjustments in this respect are:
Writing up the value of their playing squad from £321m to £1,038m.
Writing up fixed assets (mainly Stamford Bridge) from £173m to £642m.
The adjustments to other amounts are minor.
As many of the existing playing squad will have had short contracts, they have aggressively written down the value of those player registrations (amortisation in these accounts is £406m, and I reckon about £280-300m of that will be the existing squad of players).
They disclose losses of subsidiary businesses of £127m - this will be Chelsea plus all sorts of other affiliated companies (but not Strasbourg as they were purchased post year-end), but it will be for 13 months and may include some profits from player sales in the Summer 2023 window if those deals were agreed pre 30 June (although they would not have completed until 1 July).
There are comments about the impact of sales of players post year end, but because those profits will be based on the re-valued squad, the profit figure in Chelsea's accounts will probably be a fair bit higher than in BlueCo's (£48m).
They also state that the bonuses payable to the Chelsea board on the sale were £49.8m and have been paid by BlueCo. I think there's a good chance this is false accounting and that they should have been paid by Chelsea (which is where their service contracts would have been in place) so there is a good argument to boost Chelsea's losses by another £50m. Does anyone know someone at the PL with whom I can raise that point?
TLDR - they're fucked. And they're more fucked than I thought they would be. I'm struggling to understand why they're not already under investigation for the period up to 2023 (and perhaps they would be if they'd booked those bonuses in the right place)?