Chelsea have announced a Premier League-record pre-tax loss of £262m for the 2024-25 season, surpassing Manchester City's previous record of £179.5m in 2011. Despite the deficit, the club generated £490.9m in revenue, their second-highest total historically, while winning the Uefa Conference League and Club World Cup.

The financial struggles come after Chelsea spent over £1bn on players since BlueCo's 2022 takeover, signing numerous young talents on long-term contracts. Uefa fined the club £26.7m for breaching squad-cost ratio rules, with reported losses including fines and write-offs for players like Raheem Sterling and Mykhailo Mudryk.

Chelsea's Stamford Bridge stadium, with only 40,000 capacity, is falling behind rivals like Manchester United, potentially hampering revenue growth under new squad-cost ratio rules. The club expects record income in next accounts thanks to Champions League revenue, but their current financial position leaves them vulnerable in an increasingly competitive Premier League landscape.