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Chelsea Post Record $480m Loss, But Avoid Fresh Sanctions

UEFA’s finance report lists Chelsea with a $480m pre-tax loss in 2024-25, the biggest in English football. Their three-year UEFA deficit hits $733m, far above the $71m limit, but sources say last summer’s settlement covers it. One-off write-offs and a $37m UEFA fine contributed. UEFA also flagged a 76% wages-to-revenue ratio as Chelsea chase a $5.9m cap in 2025-26.