Chelsea's ownership group has posted losses exceeding £1BILLION over the past two years, casting fresh scrutiny over the club's controversial transfer spending spree and wider financial model.
According to figures revealed by The Times, 22 Holdco Ltd, the parent company of Chelsea FC, has plunged deep into the red, with losses of £445.5million last season following a £653m shortfall the year prior.
The losses are largely attributed to 'investments in the playing squads', the accounts say.
Since the Todd Boehly-led consortium took over in 2022, Chelsea have spent over £1billion on players, signing the likes of Enzo Fernandez (£106.