Chelsea financial disaster: The HIGHEST operating loss and most expensive squad
Chelsea's financial calamity has been laid bare after it was revealed they posted the biggest operating loss of any Premier League club in 2022/23.
Their operating loss was a staggering £249million, almost £100m more than their nearest rival, Leicester, who recorded a £152m loss.
They also had the most expensive squad, valued at £1.117billion, and the second-highest wage bill in the top flight of £404m.
Chelsea also spent the most in amortisation - transfer fees spread across a player's contract - with a whopping £205m.
The figures were unveiled by football finance expert Kieran Maguire.
Liam Twomey also reported how Chelsea sold a hotel to BlueCo - the consortium including Todd Boehly who bought Chelsea - to help them stay on the right side of profit and sustainability rules.
Read on m.allfootballapp.com
