This is according to the company filings.

The consortium BlueCo, led by American Todd Boehly and Clearlake Capital, purchased west London outfit Chelsea in 2022 while in 2023 they also reached an agreement to become shareholders of French club Racing Strasbourg.

The loss for Chelsea in the 12-month period was lower than the 121.4 million pounds ($6.466 million)for the previous year.

The club also had increased matchday and commercial revenue after they operated without the government restrictions placed on them after Russia's invasion of Ukraine, when former Chelsea owner and Russian billionaire Roman Abramovich was sanctioned.

"Chelsea grew overall revenue to 512.5 million pounds, ($27.297 million) made profits on disposal of player registrations and fixed assets of 142.2 million pounds ($7.573 million) and increases in other income," the annual report said.

"This helped offset the increased operational costs seen in the year. This year saw an overall increase in turnover from 481.3 million pounds to 512.5 million pounds ($7.573 million).

"Matchday revenue increased from 69.2 million pounds ($3.686 million) to 76.5 million pounds ($4.075 million) compared to the prior year," it added, with the average attendance at Stamford Bridge increasing to 40,002.

"Despite the loss in the year and the continued fallout from the sanctions placed on the club in the prior year, the club continues to comply with UEFA and Premier League financial regulations," Chelsea added.

--Reuters--