The Blues has reported significant pre-tax losses of £262.4M for the financial year ending June 30, 2025, marking the largest annual financial deficit in English Premier League history.
Chelsea have spent more than £1bn on players since BlueCo took over in 2022 in what has been an unsustainable business model so far, with many players tied down to long term deals to offset the spending.
The previous highest recorded pre-tax loss in the Premier League was the £197.5M from Manchester City for the 2010-11 season.
The losses were attributable in part to increased operating costs in 2024-25 compared to the previous year according to the club.
The side won the UEFA Conference League and Club World Cup, and finished fourth in the Premier League which helped them collect a revenue of £490.9M, making it their second-highest on record.
As per The Independent, the full accounts were not published on the club's website on Wednesday morning but are understood to have been submitted to Companies House.
As per The Express, the announcement also revealed that Chelsea's women's team recorded a loss of £17.1M, despite the club generating £21.3M in revenue.
Chelsea believe income will be at record levels in their next accounts with reports suggesting that they are set to report revenue of £700million for the 2025/26 season, which will be disclosed next year.