Blues 'could face further fines' after record loss
- Published
Chelsea recorded a pre-tax loss of £355m for 2024-25, according to financial figures released by Uefa.
It is the highest annual loss ever made by an English football club, and the second highest in European history, following the £484m Barcelona's lost in 2021.
Sources at Chelsea say a number of factors have caused an unfavourable outlook in Uefa's latest report.
Those factors include asset impairments (an accounting term for when an asset has a lower market value than that listed on a company's balance sheet), settlements tied to historical regulatory matters, and the exiting of legacy contracts.
Those disclosures are required under the governing body regulations.
Chelsea say they remain profitable on an operating basis, believe they will comply with Uefa's rules, and deny they will have to sell star players to fulfil any regulatory requirements.
After a substantial fine in the summer for breaching spending rules, they remain under Uefa scrutiny. And they could face further fines as part of the settlement should they continue to not be compliant.
But they point to a profitable season in the transfer market to highlight how they expect to avoid further punishments under the existing agreement.