Chelsea announce pre-tax loss of £262.4 million

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Chelsea made a Premier League record pre-tax loss of £262.4 million ($349.3 million) for the year ending June 30, 2025, the club said on Wednesday.

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The previous highest recorded pre-tax loss in the Premier League was the £197.5 million posted by Manchester City for the 2010/11 season.

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Chelsea 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.

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Chelsea said that the losses were due in part to increased operating costs in 2024/25 compared to the previous year.

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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.

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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.

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The Blues were fined £10.75 million and given a suspended one-year transfer ban by the Premier League.

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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.

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Chelsea were deemed compliant with the Premier League’s profitability and sustainability rules (PSR) for the three-year period ending 2024/25.

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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.

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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.

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