Chelsea break English football record with 262.4m pre-tax loss for 2024-25 season
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Chelsea break English football record with 262.4m pre-tax loss for 2024-25 season
"Chelsea's pre-tax loss of 262.4m during the 2024-25 season marks the biggest annual loss ever recorded in English football, surpassing the previous record of 197.5m by Manchester City."
"Despite the significant losses, Chelsea's revenue reached 490.9m, which is the second-highest on record for the club, including earnings from their successful Club World Cup run."
"Chelsea was deemed compliant with the Premier League's profitability and sustainability rules, which allow for maximum losses of 105m over three years, thanks to permitted add backs."
"The club is forecasting revenue of over 700m for the 2025-26 season, indicating a strong recovery and confidence in their financial structure moving forward."
Chelsea recorded a pre-tax loss of 262.4m for the 2024-25 season, surpassing Manchester City's previous record loss. The club had a profit of 128.4m the previous year, aided by the sale of the women's team. Increased operating costs contributed to the losses, despite revenue of 490.9m, the second-highest for the club. Chelsea complied with Premier League profitability rules, allowing for certain losses to be added back. The club is confident in meeting regulatory requirements and forecasts over 700m in revenue for the 2025-26 season.
Read at www.theguardian.com
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