Chelsea Football Club announced a Premier League record pre-tax loss of £262.4 million ($349.3 million) for the financial year ending June 30, 2025, the club confirmed on Wednesday.
The staggering figure surpasses the previous highest recorded pre-tax loss in the league—£197.5 million posted by Manchester City for the 2010/11 season.
The loss marks a sharp reversal from the previous year, when Chelsea posted a profit of £128.4 million. However, that profit was significantly boosted by the sale of the women’s team to Blueco Midco, a subsidiary company, for nearly £200 million.
According to the club, the record loss was driven in part by increased operating costs during the 2024/25 season compared to the prior year. Despite the deficit, revenue stood at £490.9 million—the second-highest ever recorded by the Blues—and included earnings from the Club World Cup victory last year.
The announcement comes just weeks after Chelsea admitted to breaching Premier League rules concerning approximately £47.5 million in undisclosed payments made under former owner Roman Abramovich.
In March, the Premier League imposed a £10.75 million fine on the club along with a suspended one-year transfer ban. Notably, Chelsea avoided a points deduction—a decision the league justified by noting that the club’s new ownership, a consortium led by American businessman Todd Boehly, had self-reported the information that triggered the investigation and demonstrated “exceptional co-operation” throughout the process.
The club was also found to be compliant with the Premier League’s profitability and sustainability rules (PSR) for the three-year period ending 2024/25. Under those rules, clubs are permitted maximum losses of £105 million over three years, though certain expenditures—including investment in women’s football and youth development—can be excluded from calculations.
Chelsea also disclosed financial results for its women’s team, which has won the English Women’s Super League for the past three seasons. The women’s side posted a loss of £17.1 million despite generating £21.3 million in revenue.
