Chelsea have announced the biggest pre-tax loss in Premier League history.
The £262m deficit for 2024-25 eclipses the £179.5m lost by Manchester City in 2011.
It comes despite Chelsea bringing in £490.9m in revenue, which the club says is the second highest total in their history.
In 2024-25 the Blues won the Uefa Conference League and Club World Cup, and finished fourth in the Premier League.
The club insist they remain compliant with financial regulations such as Profit and Sustainability Rules (PSR) which allow losses of £105m over three years.
Figures used to calculate this are different to the pure pre-tax loss.
More to follow.