Chelsea put losses of £121million in their latest financial records down to sanctions on former owner Roman Abramovich by the UK government.
The Blues posted their annual accounts, covering the 2021-22 season, showing significant losses in a period that included having to work under a special licence.
Abramovich was sanctioned by the UK government after Russia's invasion of Ukraine in February 2022, believing he had close ties with president Vladimir Putin and freezing the assets of several individuals as a result.
That saw Chelsea forced to operate under a special licence, which restricted the club from selling tickets, accept event bookings and signing contracts with players until Todd Boehly's takeover was completed on May 30, 2022.
In a statement on Monday, Chelsea added that these sanctions would be felt again "in the following years".
"The results for the year have been impacted by the sanctions placed on the club's previous owner on 10 March 2022," the statement read.
"As a result of the sanctions, the club was required to operate within the limitations of a special licence issued by the UK government. These restrictions were in place until the completion of the Club's sale on 30 May 2022.
"During this period, the Club was restricted in a number of areas including, but not limited to, its ability to sell matchday and season tickets, sell merchandise, accept event bookings, as well as sign contracts with players and commercial sponsorship partners, which collectively resulted in extraordinary expenses and loss of revenue.
"Furthermore, some of these limitations are also expected to have an impact on the financials in the following years due to the long-term impact from restrictions on entering into new contractual arrangements.
"Towards the end of the sanctioned period, the club was permitted to sell certain matchday tickets, with the Premier League committing to donate all revenue from these sales to charity. The restrictions were lifted following the change in ownership, and all operations have now resumed."
The Blues announced an overall net loss of £121.3m, though they confirmed they continue to meet the Premier League and UEFA's financial regulations.
Brighton 0-4 Manchester City: Foden at the double as champions leapfrog Liverpool
Phil Foden scored twice as Manchester City leapfrogged Liverpool and kept the Premier League title race in their own hands by thrashing Brighton 4-0.
Foden moved onto 16 league goals for the season with a first-half brace at the Amex Stadium, seeing a free-kick deflect past a wrongfooted Jason Steele before stroking home after some reckless play from the Seagulls.
De Bruyne had earlier given City the lead with what was his 68th Premier League goal but the first with his head, as Pep Guardiola's men made light of Erling Haaland's injury-enforced absence.
Julian Alvarez added a fourth as City pulled two points clear of Liverpool and within one of Arsenal with a game in hand, knowing five further wins will guarantee they retain their crown.
Brighton, meanwhile, stay in the bottom half with 44 points, having been surpassed by Bournemouth on Wednesday.
Nathan Ake could not keep his shot down when presented with the first half-chance after a low-key start, but City went ahead with a brilliant goal after 17 minutes.
Foden slipped Kyle Walker in on the right flank, and De Bruyne watched the full-back's cross all the way before sending a wonderful diving header into the top-right corner.
There was more fortune about City's second, which arrived just nine minutes later as Foden's free-kick deflected in off Pascal Gross amid Brighton complaints about how Foden won the set-piece.
Brighton only had themselves to blame when Foden got his second after 34 minutes, though. Valentin Barco conceded possession cheaply on the edge of his area, and Foden swept the loose ball into the bottom-left corner.
Ederson denied Joao Pedro as Brighton improved in the second half, but City had further daylight just after the hour mark, Walker breaking in behind and beating Steele to a loose ball, with Alvarez on hand to turn home.
Brighton were enraged when Josko Gvardiol avoided conceding a penalty for a clumsy challenge on Pedro, who skewed wide late on as City – who went close to a fifth through Jeremy Doku late on and face struggling Nottingham Forest next – claimed a statement win.
Foden's star still rising
Foden has emerged as the favourite to be crowned Premier League Player of the Season, and he has gone up a gear in the run-in, also scoring a hat-trick on his last league appearance when City thrashed Aston Villa 4-1 earlier this month.
He was in imperious form again on Thursday, even if Brighton's fans were not happy with the way he went down for the free-kick that ultimately resulted in his first goal.
That strike was Foden's 50th in the Premier League, making him just the third player to score 50 top-flight goals under Guardiola while aged 23 or younger, after Lionel Messi and Erling Haaland.
It is no wonder Brighton's fans are sick of the sight of the England man; he has eight goals in his last eight Premier League appearances against the Seagulls, more than he has scored against any other club in the competition.
Seagulls' wings clipped
Hampered by injuries to the likes of Pervis Estupinan, Kaoru Mitoma and Evan Ferguson, Brighton have seen their European hopes falter in recent weeks and now appear to be limping to the finishing line.
Roberto De Zerbi's team are winless in their last five Premier League games (two draws, three defeats) and sit six points adrift of the top seven with matches against Bournemouth, Aston Villa, Newcastle United, Chelsea and Manchester United to come.
Brighton have even seen their supply of goals dry up, scoring just four times in eight league matches since thrashing Sheffield United 5-0 in February.
Foden matches Messi and Haaland feat with 50th league goal under Guardiola
Phil Foden equalled the feats of Lionel Messi and Erling Haaland when he scored his 50th league goal as Manchester City stormed into a 3-0 lead against Brighton.
Foden scored twice in the first half at the Amex Stadium on Thursday, setting Pep Guardiola's team on the way to a potentially pivotal win in the Premier League title race.
The England international's first, which came after Kevin De Bruyne's excellent diving header, came as his free-kick deflected in off the unfortunate Pascal Gross.
It was that goal that marked Foden's 50th in league football, with all of those coming under Guardiola.
That makes Foden just the third player to score 50 league goals under Guardiola while aged 23 or younger, after City team-mate Haaland and Barcelona great Messi.
Foden netted his 51st Premier League goal soon after, drilling in after City capitalised on some slack Brighton play.
Arne Slot wants to join Liverpool, 'confident' agreement will be struck
Arne Slot has confirmed he wants to succeed Jurgen Klopp at Liverpool and is confident the Reds will reach an agreement with his current club Feyenoord.
Klopp confirmed this would be his final season at Anfield in January, and though former midfielder Xabi Alonso was immediately linked with the post, he remains committed to Bayer Leverkusen.
Sporting CP's Ruben Amorim was another name linked with the Reds, but on Wednesday, widespread reports suggested an approach had been made for Slot.
Slot delivered Feyenoord's 16th Eredivisie title – and just their second since the turn of the century – in 2022-23, also leading the Dutch giants to KNVB Cup glory on Sunday.
Speaking ahead of his team's trip to Go Ahead Eagles on Thursday, Slot – who has previously been linked with Tottenham and Leeds United – confirmed talks between the clubs are ongoing.
"The clubs are negotiating, I am waiting on the outcome. It's no secret I want to go to Liverpool. My decision is clear," Slot told ESPN.
"I am waiting for the clubs to reach an agreement and I'm confident that will happen."
Slot's Feyenoord have become known for their high-octane, possession-based approach. Prior to Thursday's match, he had a 64.4 per cent win ratio from 146 games in charge, winning 94, drawing 29 and losing just 23.
Feyenoord have scored 329 goals under the 45-year-old, who previously coached SC Cambuur and AZ Alkmaar, averaging 2.2 per game. In the Eredivisie, they have averaged 2.13 points per match since he took charge in 2021.
Feyenoord appear destined to lose their Eredivisie crown to PSV this season, with Peter Bosz's team only losing one of their 31 games this term, surpassing 100 goals for the campaign by routing Heerenveen 8-0 on Thursday.
SportsMax is the Caribbean sports channel of choice, committed to providing sporting content of the highest quality to the Caribbean, delivered by a team of highly innovative, passionate and qualified professionals.
(876) 619-7629
digitalmedia@sportsmax.tv
