22 minutes ago
image source, Getty Images
image description, Chelsea finished 12th in the 2022/23 Premier League, their first full season since being taken over by the Todd Boehly-led consortium
According to reports published by Companies House, Chelsea spent £747 million on transfers last season.
The wage bill rose 18% to £404m, the second highest in the Premier League.
Players who cost £592m were sold for £203m, although accounting rules mean this made a profit of £63m.
As of June 30, 2023 – after the first full year of ownership by Todd Boehly's Clearlake Capital consortium – the squad's total cost was more than £1bn.
A further £450m has been spent on transfers since June 30, but these will be reflected in the 2023-24 accounts.
It was revealed on Friday that Chelsea spent more than £75m on agents and intermediaries in the 12-month period to February 2024, more than any other Premier League team.
In March they reported a pre-tax loss of £90m, after losing £121m the previous year.
Under the Premier League's Profit and Sustainability Regulations (PSR), clubs can lose a maximum of £105 million over three seasons before facing sanctions.
Certain costs, including investments in youth and women's teams, can be deducted, but Chelsea are likely to have to sell more players by June 30 to comply with the rules.
New signings on the 2022-23 roster include Benfica's Enzo Fernandez for a then-British record £105m, Shakhtar Donetsk's Mykhailo Mudryk for £89m and Monaco's Benoit Badiashile for £35m.
Sales include Kai Havertz to Arsenal for £65m, Mateo Kovacic to Manchester City for £25m and Timo Werner to RB Leipzig, worth around £25m.
The £55m sale of Mason Mount to Manchester United will be in the accounts for 2023-24, as will the signing of Moises Caicedo from Brighton, a deal that could be worth a British record £115m.
As part of a “restructuring” of Chelsea's property portfolio, the Stamford Bridge hotel was sold to a subsidiary of the club's holding company Blueco, contributing to a £77 million profit.
Chelsea's revenue rose from £481m in 2021-22 to £513m last season, but broadcast revenue fell by £9m to £256m after they failed to qualify for Europe.
The Premier League is investigating possible breaches of financial rules that occurred during previous owner Roman Abramovich's tenure and were reported by the new ownership group after they took over in May 2022.
Everton have had eight points deducted for two breaches of PSR rules this season, while Nottingham Forest have had four points deducted.
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