Chelsea announce record pre-tax loss of £262.4m for 2024/25 financial year

[p]The previous highest recorded pre-tax loss in the Premier League was the £197.5 million posted by [a href="https://www.flashscore.ca/team/manchester-city/Wtn9Stg0/"]Manchester City[/a] for the 2010/11 season.[/p][p][a href="https://www.flashscore.ca/team/chelsea/4fGZN2oK/"]Chelsea[/a] posted a profit of £128.4m in the previous year's accounts, but this was aided by the sale of the women's team to Blueco Midco - a subsidiary company - for nearly £200 million.[/p][p]Chelsea said that the losses were due in part to increased operating costs in 2024/25 compared to the previous year.[/p][p]Revenue was £490.9 million, the club said, the second-highest recorded by the Blues, and included some of the money earned from winning last year's Club World Cup.[/p][embed guid="3debd751-c540-4529-ac58-e42cedc218d4" url="https://x.com/CWeatherspoon_/status/2039295591335797087?s=20" social-type="twitter" /][p]Last month, Chelsea admitted to breaching Premier League rules in relation to some £47.5 million of undisclosed payments made under former owner Roman Abramovich.[/p][p]The Blues were fined £10.75 million and given a suspended one-year transfer ban by the Premier League.[/p][p]But, unlike other clubs, they escaped a points deduction - a move justified by the Premier League on the grounds that Chelsea's new owners, a consortium led by US businessman Todd Boehly, had self-reported the information that led to an investigation and had demonstrated "exceptional co-operation" throughout.[/p][p]Chelsea were deemed compliant with the Premier League's profitability and sustainability rules (PSR) for the three-year period ending 2024/25.[/p][p]The rules allow for maximum losses of £105 million over three years, but some of the losses clubs post in their financial reports can be overlooked under PSR - for example, spending on women's football and youth development.[/p][p]Chelsea also announced on Wednesday that their women's team, champions of England's elite Women's Super League for the past three seasons, posted a loss of £17.1 million, despite generating £21.3 million in revenue.[/p]