Chelsea’s financial calamity has been laid bare after it was revealed they posted the biggest operating loss of any Premier League club in 2022/23.
Their operating loss was a staggering £249million, almost £100m more than their nearest rival, Leicester, who recorded a £152m loss.
They also had the most expensive squad, valued at £1.117billion, and the second-highest wage bill in the top flight of £404m.
Chelsea also spent the most in amortisation – transfer fees spread across a player’s contract – with a whopping £205m.
The figures were unveiled by football finance expert Kieran Maguire.
Chelsea had the highest operating loss in the Premier League last season, it has been revealed
It was also revealed how Chelsea sold a hotel to BlueCo – the consortium led by Todd Boehly who bought the club in May 2022 – for £76.3million.
That helped to reduce the club’s loss and stay within the Premier League’s profit and sustainability rules.
This fresh wave of information comes amid fears over the club’s lavish spend in the 2023/24 campaign.
Chelsea spent a staggering £75.1million on agents’ fees alone between February 1, 2023 and February 1, 2024, as revealed by the Football Association on Friday.
More to follow.
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