London: Chelsea reported a pre-tax loss of 262.4 million pounds ($350 million) in its latest financial results on Wednesday, the club announced, a record high for the Premier League.
Chelsea, whose owners are U.S. private equity, attributed the loss to “increased operating costs” in 2024-25 compared to the previous year.
According to a report in Britain’s Press Association, the previous highest pre-tax loss in the Premier League was 197.5 million pounds (now $263 million) by Manchester City in the 2010-11 season.
Chelsea said revenue for the year ending June 30, 2025, was 490.9 million pounds ($650 million) – the second-highest on record for the London club. This included some money earned from winning the Club World Cup. Chelsea were deemed to be in compliance with Premier League financial rules for a three-year period ending in 2024-25, which could allow a maximum loss of 105 million pounds ($140 million) in that period. For example, spending on things like infrastructure, youth development and women’s football is not included when the league assesses clubs’ losses.
