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Chelsea's financial disaster revealed: Blues had the HIGHEST operating loss last season and the most expensive squad... and sold a hotel to Todd Boehly's BlueCo - their owners - to stay within the Premier League's rules

Chelsea's financial calamity has been laid bare after it was revealed they posted the biggest operating loss of any Premier League club in 2022/23.

Their operating loss was a staggering £249million, almost £100m more than their nearest rival, Leicester, who recorded a £152m loss.

They also had the most expensive squad, valued at £1.117billion, and the second-highest wage bill in the top flight of £404m.

Chelsea also spent the most in amortisation - transfer fees spread across a player's contract - with a whopping £205m.

The figures were unveiled by football finance expert Kieran Maguire.