Chelsea handed surprising PSR verdict amid record-breaking £262m losses

Chelsea's financial report for the 2024/25 tax year has been filed and it seems the Blues have suffered a monumental loss of £262m.

In many ways, Chelsea are one of the most valuable football clubs in the world, with incredibly high revenue and a very expensive and talented playing squad.

But, the Premier League giants are still not immune to huge financial losses, as owner Todd Boehly has found out the hard way.

Chelsea report Premier League record losses but still avoid PSR breach for 2024/25

April is always an interesting time in the business world, with companies filing their annual financial reports, allowing experts to read between the lines and assess the damage or success.

We can learn a lot about where Premier League clubs stand when it comes to PSR, too. And somehow, Chelsea have passed the test for the past year.

That's in spite of the club reporting a staggering pre-tax loss of £262m, which is more than any club in Premier League history.

Manchester City previously held that unwanted accolade, for their £197.5m loss way back in 2011.

The huge loss comes in a year where the club also reported massive revenue of £490.9m, which FourFourTwo understands is the second-highest in the club's history.

Chelsea's official statement on the matter insists the club remains in line with PSR guidelines and will not be hit with any punishments for breaching financial regulations. Clubs are allowed to lose up to £105m over a three-year period, but figures for that calculation are slightly different to pure pre-tax losses.

According to sources at BBC Sport, the losses includes fines such as the recent £10m sanction Chelsea were handed over secret payments during the Roman Abramovich era.

However, Chelsea are expected to announce record revenue this time next year. The Club World Cup win last summer is thought to have earned Chelsea £85m, while playing in the Champions League should add another £80m to their total.

Speaking to BBC Sport on the matter, financial expert Kieran Maguire said: "Chelsea are simply behind their rivals, with less to spend on players - and that will take its toll over time."

Chelsea's first-team squad is worth £1.16bn according to Transfermarkt. The Blues are next in action in the FA Cup, with a quarter-final tie against Port Vale this Saturday.