Chelsea confirm huge annual losses for 2022/23

Chelsea's BlueCo 22 ownership group has confirmed the club made a pre-tax loss of £90.1m over the 12-month period before June 30, 2023.

The numbers represent a slight improvement on the previous annual figures, which saw Chelsea post losses of £121.4m, but further fuels concerns that the Blues are at risk of breaching the Premier League's Profit and Sustainability Rules - Everton have seen points deducted over this.

Current rules permit clubs to report losses of no more than £105m over a three-year period.

90min reported in February that Chelsea remain adamant they are not at risk of financial sanctions, but rivals believe the club may need to raise big sums before the end of June 2024 to avoid potential points deductions or fines.

There are expected to be significant player sales this summer, with the likes of Romelu Lukaku, Marc Cucurella, Ian Maatsen, Armando Broja and Kepa Arrizabalaga up for sale. Conor Gallagher and Trevoh Chalobah, both homegrown products, also face uncertain futures.

"Despite the loss in the year and the continued fallout from the sanctions placed on the club in the prior year, the Club continues to comply with UEFA and Premier League financial regulations," Chelsea said in a statement.

Chelsea raised £142.2m from player sales during the 12 months in question and also increased turnover from £481.3m to £512.5m thanks to improvements in matchday and commercial revenue.

Commercial revenue in particular saw a huge jump, from £33.0m to £210.1m, with Chelsea attributing the increase to the lifting of government sanctions which were placed on the club during the final months of Roman Abramovich's tenure.

However, that did not prevent the entire BlueCo 22 company from posting enormous losses of £653m across the period.

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