Chelsea break unwanted Premier League record as alarming financial figures revealed

Chelsea have broken the Premier League record for fees paid to agents as their monetary challenges were exposed.

The Blues' finances are once again under the microscope after accounts and figures were made public showing their incredible outlay on agent fees and player wages, as well as their outstanding debts.

While Mauricio Pochettino's team is currently languishing in mid-table back in the Premier League, according to figures published by the Football Association Chelsea at the top of the agent fee schedule.

The Blues are shown paying a record £75.1m to intermediaries in the 12-month period between February 2023 and February 2024.

Collectively, Premier League clubs broke the £400m barrier in money paid to agents via transfers, with Chelsea's recent frivolous spending under Todd Boehly taking them above Man City, who had the highest figure in previous accounts.

City spending has risen from its last figure of £51.6 million to £60.6 million, with Liverpool and manchester united They are the only other clubs to have donated more than £30m to agents over the past year, but have been overtaken by Chelsea, whose previous outlay was £43.2m.

The west London club has spent more than £1bn on players since the takeover led by American billionaire Boehly. who will step down as president in 2027 – in May 2022.

And them incredible wave of transfers He has also seen the club's wage costs exceed £400m.

Their £404m wage bill puts Chelsea above Liverpool and Man United, with only City above them; However, their £422.9m wage bill includes bonuses to players and staff for their triple-winning season last season.

The latest accounts also show that Chelsea made a loss of £89.8m last season, but were only able to publish that figure after the owners effectively sold the club-owned hotel buildings to themselves through sister company Blueco 22 Properties Ltd, which went on the books. as £76.5 million in revenue.

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It means the club still has a lot of work to do to comply with the Profitability and Sustainability Rules (PSR) next season.

Chelsea may have to resort to raising a significant amount of cash through player sales before June for that to happen, but Boehly appears confident it can be done.

In the accounts, Boehly said: “The club continues to balance success on the field with the financial imperatives of complying with UEFA and Premier League financial regulations.

“The club has delivered on these since its inception in 2012 and hopes to do so for the foreseeable future.”