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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Then, just seven games into the 2022/23 season, Thomas Tuchel was relieved of his duties by the club in a rather brutal fashion. The club's ownership group and Tuchel didn't see eye to eye over the long-term vision and they parted company with immediate effect.
Graham Potter was appointed as Tuchel's successor almost immediately after with the club viewing the 47-year-old as the right man to spearhead the project. However, Potter was sacked earlier this month after failing to make any significant progress during his time at Stamford Bridge.
Chelsea spent just north of £20m to get Potter out of his contract at Brighton & Hove Albion so a rather sizeable chunk of the amount spent went on that. But it was the signings undoubtedly that made the most impact on the aforementioned numbers.
The statement on the UK Government's website reads: "Event after the reporting date [June 30, 2022]: Since the year end, the Group has acquired the registration of 18 football players and restructured the first team management of an initial cost of £368.7m and disposed of the registration of 16 players at a profit of £22.2m.
"Furthermore, since the year end the company incorporated a new wholly owned subsidiary, Chelsea FC US Inc., incorporated in the United States."
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