In March, the Premier League team Chelsea announced pre-tax losses of £90.1m, a reduction from the previous year’s loss of £121.4m, due to amortisation and accountancy regulations. The club aims to remain compliant with Premier League profit and sustainability rules, which state that clubs cannot incur a loss greater than £105m over a three-year period.

To help reduce their losses, Chelsea completed a £76.5m property deal with a subsidiary of the club’s holding company, BlueCo. The club remains confident in their compliance with profitability and sustainability rules, citing increased turnover to £512m from £481m, driven by improved matchday and commercial revenue.

Despite their unlikelihood of qualifying for Europe this season, Chelsea insists they do not anticipate any issues with the profit and sustainability rules. However, the club still has business to address before the end of June 2024, having spent a further £454m on transfers in a summer of substantial spending.

The future of player Conor Gallagher is also uncertain. In the 12 months leading up to February 1, Chelsea spent £75.1m on agents’ and intermediaries’ fees, an increase of almost £32m from the previous period, due to player acquisitions.

This spending reflects the club’s dedication to building a competitive team.