In March last year, sanctions were imposed on the London club then owned by Russian Roman Abramovich. Chelsea writes that the result has in several ways been affected by the sanctions, which were lifted late in the spring when an American consortium headed by Todd Boehly took over.

Following the change of ownership, Chelsea have spent huge amounts on signing players.

Chelsea writes that despite the heavy loss, it continues to comply with the financial regulations that exist in the European Football Association (Uefa) and the Premier League.

ARCHIVE: How Chelsea could sign for four billion (February 10, 2023)

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In the clip: Three questions about the huge sums in the Premier League Photo: The Car Agency