Chelsea spent a whopping £368.7million on restructuring the first-team squad in terms of players and staff from June 30 of last year until the end of 2022.
The club have now released their annual report and financial statements and recorded a total net loss of £121.3m last season. A US consortium headed by Todd Boehly and Clearlake Capital took over from Roman Abramovich at the end of May 2022 after a really worrying and uncertain couple of months for the club.
Despite the net loss, it did not discourage the new ownership group to spend big when it came to the 2022 summer transfer window. The likes of Wesley Fofana, Marc Cucurella, Raheem Sterling, Kalidou Koulibaly, Carney Chukwuemeka, Pierre-Emerick Aubameyang and Denis Zakaria were all signed by Chelsea in Boehly's first transfer window as co-owner.
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