Chelsea reach unwanted £1bn Premier League landmark as huge Todd Boehly task outlined

Chelsea news: The Blues have made unwanted Premier League history as their lastest accounts show just how far off the top they are

Chelsea and Todd Boehly have had yet another stark reality check as the true scale of their financial accounts is pieced together after the latest figures.

Finance expert Kieran Maguire writes that the Londoners are the first team in the league's history to go over the £1bn pre-tax loss mark. The next closest 'challenger' is Manchester City with £714m of loss.

This, on top of the other financial indicators, only adds up to show just how far the new regime have to go to put Chelsea on the map in this sense.