Under the ownership of free-spending oligarch Roman Abramovich Chelsea Football Club lost about £1mn a week for almost two decades. The losses racked up by the club’s current owners have made the Abramovich era appear restrained by comparison.
Chelsea this month reported a £262mn pre-tax loss in 2024-25, a record for a Premier League club, as owners Clearlake Capital and financier Todd Boehly try to wean the club off Abramovich’s millions.
When US investment firm Clearlake and financier Boehly bought Chelsea for £2.5bn almost three years ago, the football industry expected a new era of financial rigour at the west London club.
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