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Chelsea total losses exceed £1 billion

Chelsea became first club to accumulate losses exceeding £1 billion, reports Kieran Maguire. The club had Premier League record operating loss of £235m in 21/22. Player sales reduced this by £121m.

Revenue up £46m following end of lockdown.  Costs include almost £77m of player transfer write downs following some dud signings (Maguire suggests Chelsea fans can work out who they were) and £18m legal dispute.

Total wages up £15m compared to 20/21.  Chelsea bought players for £118m Sales were £142 as club continues to be most successful in Premier League.  In terms of income from departures overall squad cost at end of season was £918m.

Chelsea spent £368m in the summer transfer window. January purchases excluded.

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