Mansion Sports – Last season was an extraordinary one for Chelsea, as they won the Europa Conference League and finished in fourth place in the Premier League to secure qualification for the Champions League.

The London-based club generated revenue of more than €560 million; however, alongside that, they also had to close the year with losses exceeding €300 million.

The newspaper ‘AS’ reported: “This figure surpasses the worst record in Premier League history, which was previously held by Manchester City, who recorded losses of more than €205 million in 2011.”

Fines and Financial Violations

Chelsea began last season with a €31 million fine from UEFA for breaching financial regulations in their player transfer activities, a situation that has been closely monitored by UEFA over the past three years for all European clubs.

According to BBC, the losses also include other fines, such as penalties from the Premier League related to payments made to player agents during the ownership period of Roman Abramovich.

In addition, Chelsea must also settle their financial obligations with players, such as Raheem Sterling, who has been released, and Mykhailo Mudryk, who is currently serving a suspension due to doping.

Commitment to Regulations and Hopes for Recovery

At Stamford Bridge, the club has reaffirmed its full commitment to Premier League financial regulations, which allow losses of up to €120 million over a three-year period.

Chelsea believes that financial revenue for this year will reach a new record and will contribute to achieving financial balance for the club.

This is supported by taking into account approximately €100 million in revenue from their success in winning the Club World Cup last summer, as well as more than €90 million from television broadcasting rights for the Champions League this season.