Chelsea break English football record with £262.4m pre-tax loss for 2024-25 season

• Blues surpass Manchester City’s £197.5m loss in 2010-11

• Club compliant with PSR rules for three years to 2024-25

Chelsea on Wednesday reported a pre-tax loss of £262.4m during the 2024-25 season, the biggest annual loss ever recorded in English football, surpassing the previous record loss of £197.5m posted by Manchester City in 2010-11.

The club posted a profit of £128.4m in the previous year’s accounts, boosted by the sale of the women’s team to Blueco Midco – a subsidiary company – for almost £200m. Chelsea said the losses were attributable in part to increased operating costs in 2024-25 compared to the previous year.