Review of Chelsea's financial results for the 2022/23 season, when their pre-tax loss reduced from £121m to £90m, mainly thanks to over £100m of once-off specials (£77m from sale of hotels to another group company, £31m other operating income) #CFC
Chelsea have now lost money in four of the last five years, adding up to a hefty £434m, including three losses over £100m in this period #CFC
Revenue rose by £31m (6%) from £481m to a club record £512m, breaking through the half billion pound barrier for the first time. New highs were established for both commercial and match day income #CFC
However, this was more than offset by big increases in both wages and player amortisation following the massive investment in the squad since the arrival of the consortium led by Todd Boehly and Clearlake Capital #CFC