Newcastle United, Liverpool & Arsenal’s Premier League rivals confirm £121m loss amid FFP scrutiny

Newcastle United's Premier League rivals Chelsea have confirmed a net loss of over £121million for the 2021-22 season.
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In its 2021-22 financial results, Chelsea Football Club has announced a net loss of £121.3million. Chelsea have pointed to the sanctions placed on previous owner Roman Abramovich as well as the knock-on impact of the Covid-19 pandemic as a reason for the loss.

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Blue sky over the stadium ahead of the English Premier League football match between Chelsea and Everton at Stamford Bridge in London on March 18, 2023. (Photo by Glyn KIRK / AFP)Blue sky over the stadium ahead of the English Premier League football match between Chelsea and Everton at Stamford Bridge in London on March 18, 2023. (Photo by Glyn KIRK / AFP)
Blue sky over the stadium ahead of the English Premier League football match between Chelsea and Everton at Stamford Bridge in London on March 18, 2023. (Photo by Glyn KIRK / AFP)

Since being taken over by a consortium led by American businessman Todd Boehly, Chelsea’s spending has increased dramatically with the club paying in excess of £600million in reported transfer fees alone. In comparison, The Blues invested £118million into the playing squad during the 2021-22 season.

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But Chelsea insist they continue to adhere to Financial Fair Play regulations having handed out very long contracts to players that help circumvent potential spending restrictions.

A Chelsea statement read: “Despite the loss in the year and the operating challenges due to the sanctions, the Club continues to comply with UEFA and Premier League financial regulations.”