Chelsea announce pre-tax losses of £90.1million

Chelsea have announced pre-tax losses of £90.1million in the year leading up to June 2023 - their first full year under the ownership of Todd Boehly's Clearlake Capital consortium.

The figure is an improvement on the loss of £121.4m for the previous year and was also listed in the accounts filed for holding company Blueco, via which Boehly purchased the club from former owner Roman Abramovich in May 2022.

Blueco - which also owns French side Strasbourg - recorded losses of £653m from its founding in March 2022 to June 2023.

Chelsea's turnover is up from £481.3m in 2021-22 to £512.5m but broadcasting revenue has dropped by £9.1m to £255.9m after the team's failure to qualify for Europe last season.

Premier League rules state clubs cannot lose any more than £105m over a three-year period, meaning the Blues are likely to need to sell more players in order to remain within regulations.

Manager Mauricio Pochettino said he "cannot give my opinions" on the matter in his news conference before Monday's game with Newcastle, adding: "At the moment I still haven't talked with the owners or sporting director."

Asked whether the club will be able to spend this summer, he said: "I don't know. I need also to be informed. Until today, we didn't talk about that.

"The club today announced the finances. This afternoon or tomorrow we will talk and I will be informed for sure. But I don't know what it is going to happen."