Top 10 clubs with biggest pre-tax financial losses in 2025 ft. Chelsea & Juventus

The Blues have been the most affected Premier League club in terms of pre-tax financial losses in 2025.

The 10 teams that experienced the biggest pre-tax financial losses in 2025 are listed in the annual European Club Finance and Investment Landscape report. Chelsea occupy the regrettable top spot on that chart.

Only LaLiga powerhouse FC Barcelona, whose finances were affected by the Covid-10 outbreak, have witnessed greater losses. They hit €555m (£484m/$655m) loss in 2020–21.

The Premier League has never seen figures like this before. With this, we take a look at the top 10 clubs with the biggest pre-tax financial losses in 2025.

Top 10 clubs with the biggest pre-tax financial losses in 2025

10. Juventus – £44m

Juventus’s financial losses follow uneven transfers. The club have failed to record enough profit since the controversial scandal linked to player trading and salary payments in late 2022. But they should find solace, considering they are the least affected club in these 10 clubs with their pre-tax financial losses.

The main question currently is whether the present price reflects Juventus’ poor performance or if markets are already factoring in any potential future growth, given that the company’s shares have dropped over the last year and have recently swung to a little loss.

9. AFC Ajax – £45m

The lack of achievement has also been reflected in the bottom line, since the club have previously noted that its financial prospects are frequently influenced by sporting outcomes.

Ajax’s pre-tax deficit consequently increased dramatically from £11.40  million to £45m, the worst outcome in the club’s history.

The decline was mostly caused by a substantially smaller profit on player sales, which fell from €82 million to just €10 million. In sharp contrast to their €55 million profit in 2022–2023, Ajax’s £45 million pre-tax loss was by far the largest in the Eredivisie.

8. Strasbourg – £71m

Strasbourg are one of the French sides who have registered some of the biggest pre-tax financial losses in 2025. They have recorded the losses of £71m, which is a major lapse in their financial struggles. Meanwhile, their parent club, Chelsea have had the highest pre-tax financial losses in 2025.

7. Manchester City – £82m

According to a recent UEFA financial report, Manchester City reported a deficit of about £82 million. Operating costs for 2025 totalled £790 million, up £11 million from 2023–2024.

The club reported a £82 million pre-tax deficit for the first time since the Covid-affected 2019–20 season, mostly due to an increase of £15.4 million in other external charges.

6. Nottingham Forest – £82m

According to a recent UEFA financial report, Nottingham Forest lost £82 million before taxes in 2025. Forest are mentioned in the most recent European Club Finance and Investment Landscape report, which was released on Thursday by the European football regulatory body.

After Chelsea, Lyon, Tottenham, Marseille, and Aston Villa, Forest have had the sixth-highest financial losses in European football.

5. Aston Villa – £85m

For the 2025 fiscal year, Aston Villa’s pre-tax loss was €97 million (£85 million), according to UEFA’s European Club Finance and Investment Landscape report. Only Chelsea, Lyon, Tottenham, and Marseille have suffered greater losses in Europe than these numbers.

Notwithstanding the losses, the club’s successful Champions League campaign was a major factor in their record-breaking €441 million (£386 million) in overall revenue.

4. Marseille – £92m

Among the other European clubs, Marseille have set another record off the field after recording a big pre-tax financial losses in 2025.

According to the report’s statistics, Marseille’s pre-tax losses placed it fourth on the continent. Lille, on the other hand, had a different financial performance, ranking first among the most profitable teams before taxes with gains of €94 million over the same time frame.

3. Tottenham Hotspur – £129m

Even though their revenue skyrocketed in 2025, Tottenham Hotspur had the third-largest pre-tax financial loss of any European team. The 10 teams that had the largest losses from the previous season are listed in UEFA’s annual European Club Finance and Investment Landscape report. Spurs are third in the list when it comes to losses, with the north London outfit posting a £129 million pre-tax deficit.

It’s puzzling how Spurs have recorded such a pre-tax deficit, which is only exceeded by Lyon and Chelsea. UEFA’s report omits in-depth information about club finances.

2. Lyon – £171m

For the 2025 fiscal year, Olympique Lyon reported a pre-tax financial loss of £171 million, which is the second highest among the other clubs in Europe. Despite not being a major economic power, Marseille have recorded one of the highest pre-tax financial losses in 2025.

This is a major setback for the club, who have performed well so far this season. They stand third in the Ligue 1 table, and are contending for the league title.

1. Chelsea – £355m

With the Premier League powerhouses reporting the largest pre-tax losses in English football history, Chelsea have unintentionally set a new record. The Blues’ 2024–2025 accounts have been made public by UEFA. According to reports, Chelsea lost £355 million (£355 million/$481 million) in their third season under Todd Boehly and Clearlake Capital’s management.

Due to a number of transactions that “land in the gaps between UEFA and the Premier League’s respective financial regulations,” Chelsea’s finances are reportedly hard to understand. Such transactions include the selling of two hotels, a parking lot, and the club’s women’s squad.

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