Chelsea FC losing the 2026 FA Cup final 1-0 to Manchester City will have been disappointing for the club’s fans. But perhaps the result was not hugely surprising, as the London club hasn’t had a brilliant season on the pitch.

Off the pitch, you could argue it’s been even worse.

Moments of anguish have included the expensive sacking in April 2026 of manager Liam Rosenior after just 106 days in the job. He was the side’s fifth manager (or head coach) in three years.

A month before that, Chelsea was fined over £10 million by the Premier League for breaching financial regulations – the biggest fine the league has ever imposed.

Added to (or taken away from) this, Chelsea then also posted the largest ever pre-tax financial loss in Premier League history. This amounted to £262.2 million in the 2024-25 season.

Not all of these events can be blamed on the club’s current owners, the US consortium known as BlueCo. Previously owned by Russian oligarch Roman Abramovich, Chelsea was sold in 2022 as a “distressed asset”, meaning that it needed to be sold quickly (and probably not for its full worth). This was because........

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