Deficit is the highest ever recorded by an English club

BlueCo partner Strasbourg also lost £69m in same period

Chelsea made a financial loss of £355m in the 2024-25 season, according to new data released by Uefa, the biggest deficit ever recorded by an English football club.

According to Uefa, Chelsea’s losses were more than double the second-worst in Europe, the £171m posted by Lyon. The figures are also about £260m worse than those posted by the Blues in 2023-24.

While Uefa’s report does not fully break down Chelsea’s figures, it does show that while they have spent money on a level with the top clubs in Europe, costs have not been matched by revenues. Chelsea’s wage bill is estimated to be the sixth highest in Europe, at £390m a season. Chelsea’s operational expenditure, or day-to-day costs, were the fifth highest in Europe, meanwhile, at £241m. Uefa also calculate that the Blues have the most expensive squad in history, assembled at a combined cost of over £1.5bn.