According to accounts published by Companies House, Chelsea spent £747 million on transfers last season.

The wage bill increased by 18% to £404 million, making it the second highest in the Premier League.

Players costing £592 million were sold for £203 million, resulting in a profit of £63 million due to accounting rules.

As of June 30, 2023 - after the first full year under the ownership of Todd Boehly's Clearlake Capital consortium - the total cost of the squad exceeded £1 billion.

An additional £450 million has been spent on transfers since June 30, but this will be included in the 2023-24 accounts.

It was revealed on Friday that Chelsea spent over £75 million on agents and intermediaries over the 12-month period to February 2024, the most of any Premier League side.

In March, they reported a pre-tax loss of £90 million, compared to a loss of £121 million the previous year.

Under Premier League profit and sustainability (PSR) regulations, clubs can lose a maximum of £105 million over three seasons before facing sanctions.

Certain costs, such as investment in youth and women's teams, can be deducted, but Chelsea may need to sell more players by June 30 to comply with the rules.

New signings in the 2022-23 accounts included Enzo Fernandez from Benfica for a then British record £105 million, Mykhailo Mudryk from Shakhtar Donetsk for £89 million, and Benoit Badiashile from Monaco for £35 million.

Sales included Kai Havertz to Arsenal for £65 million, Mateo Kovacic to Manchester City for £25 million, and Timo Werner to RB Leipzig in a deal worth about £25 million.

The £55 million sale of Mason Mount to Manchester United will be reflected in the 2023-24 accounts, as will the signing of Moises Caicedo from Brighton in a deal that could rise to a British record £115 million.

In a "restructure" of Chelsea's property portfolio, the hotel at Stamford Bridge was sold to a subsidiary of the club's holding company Blueco, generating a profit of £77 million.

Chelsea's turnover increased from £481 million in 2021-22 to £513 million last season, but broadcasting revenue dropped by £9 million to £256 million after they failed to qualify for Europe.

The Premier League is investigating potential financial rule breaches that occurred during previous owner Roman Abramovich's tenure, which were reported by the new ownership group following their takeover in May 2022.

This season, Everton have been deducted eight points for two breaches of PSR rules, while Nottingham Forest have been deducted four points.