According to reports, Chelsea’s parent company, 22 Holdings Limited, has registered losses exceeding £1 billion in the last two financial years based on its latest financial statements.

22 Holdings also owns French club Strasbourg and Chelsea Women’s team. The company’s losses reached £445.5 million last season and £653 million the season before. The Times reports that these losses were “due to investments in the squad.”

However, Chelsea FC reported a profit of £129.6 million during the same period, though some financial tactics have now become problematic. Premier League financial rules allow the club to register the £200 million sale of the women’s team to a subsidiary and the £76.5 million sale of two hotels as profit. However, these transactions cannot be counted as revenue in the parent company’s dealings with tax authorities.

22 Holdings is also paying significant interest on over £1.16 billion in debt. The company paid over £94 million in interest on its debts in the 2023-24 season. Chelsea fans and players hope to move past this turmoil. The men’s team is striving to secure a Champions League spot for next season and faces Ipswich on Sunday. Meanwhile, the women’s team will play Liverpool in the FA Cup semi-finals on Saturday.