Ammon News - Chelsea on Wednesday reported a pre-tax loss of 262.4 million pounds ($349.49 million) during ​the 2024-25 season, the biggest annual ‌loss in English soccer, surpassing the previous record loss of 194.9 million pounds posted by Manchester City ​in 2010-11.

The London-based club made a loss ​despite their revenue rising to 490.9 ⁠million pounds for the year ending in ​June 2025, as they finished fourth in the ​Premier League and won the Europa Conference League.

Chelsea FC Holdings had reported a profit of 128.4 million pounds ​for the 2023-24 season, after they ​sold their women's team to their parent company BlueCo, ‌bringing ⁠in an overall revenue of 468.5 million pounds.

The club said the revenue went up thanks to increased broadcasting receipts from the Premier ​League and ​their participation ⁠in the Club World Cup.

Chelsea won the Club World Cup in July.

The ​season ended in a loss due ​to ⁠increased costs, Chelsea said in a statement.

"Operating expenses have risen markedly, driven predominantly by ⁠increased ​matchday costs, due to a ​return to European football," Chelsea added.

Reuters