As per data released by UEFA, The Blues, owned by Clearlake Capital and Todd Boehly recorded a €407M (£350m) deficit.
That sum has only ever been beaten by Barcelona’s total of €555m in 2020-21 in a result that has hurt the Spanish side financially in every season since due to COVID-19 pandemic and significant one-off accounting costs.
The Blues have spent over €1.7 billion on player signings since the arrival of Clearlake Capital and Todd Boehly as their new owners in 2022 but have found little success in the Champions League and Premier League.
Chelsea's three-year rolling loss for UEFA purposes reached €622 million ($734 million), far exceeding the governing body's €60M threshold.
Despite this, The Athletic reports that this will not lead to bigger penalties for the side due to a settlement agreement entered into with UEFA last summer meaning Chelsea’s 2024-25 Football Earnings deficit could be kept in line with “the projected deficit submitted in the business plan.”
Reports are mixed as to whether Chelsea will not be forced to sell their star players this summer as fans begin to worry about if the club can hold on to top players when losing so much money.
A lack of Champions League football in the 2024-25 season has hurt the club’s finances greatly and as the side currently sit outside the top four in the Premier League, manager Liam Rosenior must start to pick up points and push up the table.