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Hapless Chelsea owners have built a monument to chaos and decline
TL;DR
Chelsea's current owners have created a crisis marked by managerial instability and record financial losses of £262m. The club's decline follows their acquisition in 2022, which came after a successful period under previous management.
Key points
- Chelsea reported record pre-tax losses of £262m.
- The club has faced managerial instability since new ownership.
- The ownership change occurred in May 2022 after a £4.25bn deal.
Mentioned in this story
ChelseaRoman AbramovichThomas Tuchel
[Getty Images]
Liam Rosenior actually deserves a measure of sympathy after what has been a harrowing few months before being put out of his misery.
The end result is another BlueCo-created crisis that has resulted in a revolving door of managers, a toxic relationship between the owners and Chelsea's fanbase, as well as the biggest pre-tax losses in Premier League history, announced as £262m at the start of April.
When the group took control of Chelsea in a £4.25bn deal in succession to Roman Abramovich in May 2022, Chelsea had just finished third in the Premier League under current England head coach Thomas Tuchel and had not been outside the top five in seven years. They had won the Champions League one year previously.
Now, they face a fight to secure any kind of European football next season, with the heavy financial hit that would bring.
Rosenior's dismissal may solve one problem, but those in Chelsea's boardroom must take the major share of the blame for a club that looks increasingly out of control.
Chelsea's recent losses eclipsed Manchester City's £197.5m deficit in 2011, despite bringing in £490.9m in revenue, which the club says is the second highest total in its history.
Since the current ownership took control in 2022, Chelsea have spent around £1.5bn on players, focusing on securing a raft of younger players on long-term contracts.
Calum McFarlane returns in the role of safety net between now and the end of the season, the former Under-21 coach having bridged the gap between Maresca and Rosenior earlier this season.
He must navigate an FA Cup semi-final against Leeds United at Wembley on Sunday before trying to make sure Chelsea at least earn a place in Europe.
Q&A
What financial losses has Chelsea reported under new ownership?
Chelsea reported pre-tax losses of £262 million, the largest in Premier League history.
How has the ownership change affected Chelsea's performance?
Since the ownership change in May 2022, Chelsea has experienced a decline, including a revolving door of managers and a toxic relationship with fans.
Who were Chelsea's owners before the current group took over?
Before the current owners, Chelsea was managed by Roman Abramovich, who oversaw a successful period including a Champions League victory.