- Leaders of Egypt, Eritrea, Somalia meet amid regional tensions
- Klopp's Red Bull decision 'ruined life's work' say Dortmund fans
- Han Kang wins South Korea's first literature Nobel
- S. Korea's Nobel winner Han Kang a modest, thought-provoking writer
- Hurricane Milton tornadoes kill four in Florida amid rescue efforts
- The almost impossible job: Beating Rafael Nadal at the French Open
- New French government faces key test with budget plan
- Rescuers say Israeli strike on Gaza school kills 28
- Italy's ex-world champion gymnast Ferrari announces retirement
- Zelensky talks 'victory plan' in meeting with Starmer, Rutte
- South Korea's Han Kang wins literature Nobel
- Federer lauds retiring Nadal's 'incredible achievements'
- Ikea posts fall in annual sales after lowering prices
- Australia beat China 3-1 to resurrect World Cup campaign
- Stock markets diverge, oil gains after China rebounds
- Nadal defied injury woes in record-breaking career
- Nadal v Djokovic, French Open, 2006: Chapter One in epic rivalry
- World can't 'waste time' trading climate change blame: COP29 hosts
- Pakistan at 23-1 after Brook triple hundred takes England to 823-7
- Zelensky meets Starmer, Rutte on whirlwind tour of Europe
- South Korean same-sex couples make push for marriage equality
- Rafael Nadal calls time on epic tennis career
- Mumbai declares day of mourning for Indian industrialist Ratan Tata
- Philippines confronts China over South China Sea at ASEAN meet
- Kim Sei-young shoots 62 to take two-stroke lead at LPGA Shanghai
- The haircuts that help traumatised Ukrainian soldiers heal
- Sinner crushes Medvedev to set up potential Alcaraz Shanghai semi
- 7-Eleven owner restructures to fight takeover
- England's Harry Brook blasts triple century against Pakistan
- Chinese electric car companies cope with European tariffs
- Zelensky in London for whirlwind tour of Europe ahead of US vote
- Sri Lanka recovering faster than expected: World Bank
- Hong Kong, Shanghai rally as most markets track Wall St record
- Record-breaking Root, Brook both pass 200 as England pile up 658-3
- Football mourns Greek defender George Baldock's shock death at 31
- Uniqlo owner reports record annual earnings
- Hong Kong, Shanghai rally as markets track Wall St record
- Indonesia biomass drive threatens key forests: report
- Home is far away for Madagascar in AFCON qualifying
- Two months on, Donbas soldiers begin to question Kursk offensive
- Rugby Australia to counter-sue in dispute with Melbourne Rebels
- Mumbai mourns Indian industrialist Ratan Tata
- Philippines challenges China over South China Sea at ASEAN meet
- Mets advance on Lindor blast, Dodgers stay alive in MLB playoffs
- Injury-ravaged Krygios aiming to return at Australian Open
- Greek international Baldock, dead at 31: family
- EU talks deportation hubs to stem migration
- Deaths and repression sideline Suu Kyi's party ahead of Myanmar vote
- S. Africa offers a lesson on how not to shut down a coal plant
- China opens $71 bn 'swap facility' to boost markets
Chelsea's £90 million loss puts pressure on for player sales
Chelsea face a huge challenge to avoid breaching Premier League sustainability rules after posting an £89.8 million ($112 million) loss for the 2022/23 season.
The Blues' wage bill soared to over £400 million last season, while they splashed out £745 million on transfer fees.
But that investment in the club's first full season under an American investment consortium fronted by LA Dodgers co-owner Todd Boehly failed to deliver success on the field.
Chelsea finished 12th in the Premier League last season despite having the second highest wage bill, behind only English champions Manchester City.
Mauricio Pochettino's men currently sit ninth in the table this season despite a further £454 million being spent on new players since June 30, 2023.
Chelsea's losses were mitigated by the sale of a hotel for £76.3m to the club's parent company BlueCo.
Figures for the current season are likely to be even worse as Chelsea are not involved in European football.
A run to the Champions League quarter-finals last season was worth around £83 million.
Football Association figures released on Friday also showed the west London club have spent a Premier League record £75 million on agents' fees alone this season.
Chelsea are likely to have to raise significant sums from selling players before the end of June to avoid falling foul of the Premier League's profit and sustainability rules (PSR).
Premier League clubs are allowed to lose a maximum of £105 million across a three-year assessment period.
Chelsea posted a £121 million loss in the 2021/22 season.
Everton have been deducted a total of eight points on two separate charges and Nottingham Forest docked four points for breaches of PSR this season.
S.F.Warren--AMWN