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Chelsea blame sanctions on Roman Abramovich for their £121m loss in their annual accounts... and they don't even include the £500MILLION spent on new players under Todd Boehly!

Chelsea insist they remain compliant with financial regulations despite recording a net loss of £121.3 million for the year, after the sanctioning of former owner Roman Abramovich led to 'extraordinary expenses and loss of revenue'.

The Blues were required to operate under a special licence granted by the UK Government between March 10 to May 30 last year.

The licence was granted after the Government sanctioned Abramovich following the invasion of Ukraine, over his alleged links to Russian president Vladimir Putin.

Chelsea said the conditions, which were in place until the Todd Boehly-led consortium completed a £4.