Chelsea Set for Mass Clear-out of Players After Recording £121m Annual Loss

Chelsea will reportedly be forced to sell experienced players this summer to offset their wild spending spree under new ownership.

The Times says Conor Gallagher, Mason Mount and others are likely on the chopping block as Chelsea try to meet Financial Fair Play regulations following a loss of £121 million ($149m) in the club's annual accounts for 2021-22. This term alone, the Blues have spent about £600 million on transfers since the start of last summer, not to mention the record fee they paid to hire Graham Potter from Brighton.

Current ownership blames the old regime, led by Roman Abramovich, for their precarious financial situation. Abramovich faced sanctions for his ties to Russia after the country invaded Ukraine, which Boehly and Co. think harmed the long-term prospects of the club.