According to UEFA's annual report, Chelsea's squad became the most expensive ever at €1.656bn by the end of the 2024 financial year. Their acquisition of 41 players post their ownership takeover represents a significant investment, contributing to a 17% rise in overall Premier League transfer spending in 2023, totaling €2.1 billion. Despite the heavy spending, Chelsea has struggled to achieve on-pitch success, as evidenced by their failure to qualify for the Champions League or secure trophies, leading fans to express dissatisfaction through protests.
Chelsea's squad at the end of the 2024 financial year was the most expensive ever, with a combined transfer cost of €1.656bn, surpassing Manchester United's €1.422bn.
The study found that English clubs' transfer spending increased by 17% to a record €2.1 billion in 2023, with nine of the world's 20 most expensive squads from the Premier League.
Chelsea has signed 41 players since being taken over by Todd Boehly and Clearlake Capital in 2022, but their spending has not translated into on-field success.
Fans protested against the management's approach in running the club, reflecting growing dissatisfaction with a lack of success, despite unprecedented transfer spending.
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