sport news Chelsea's financial disaster revealed: Blues had the HIGHEST operating loss ... trends now

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Chelsea's financial calamity has been laid bare after it was revealed they posted the most severe operating loss of any Premier League club in 2022/23. 

Their operating loss was a staggering £249million, almost £100m more than their nearest rival, Leicester, who recorded a £152m deficit. 

They also had the most expensive squad, valued at £1.117billion, and the second-highest wage bill in the top flight of £404m. 

Chelsea spent the most in amortisation - transfer fees spread across a player's contract - with a whopping £205m. 

This is the first time that Clearlake Capital have released accounts during their reign at Stamford Bridge.