Chelsea will be forced to sell best homegrown stars by July after £121m loss

CHELSEA face a huge summer clearout after revealing a whopping £121MILLION loss for last season.

Pressure is ramping up on chairman Todd Boehly to balance the books quickly or risk Financial Fair Play sanctions.

The Blues have made total losses of £274m over the past two campaigns — with next season’s figures to include the astonishing £545m spending spree since the £4.25BILLION takeover of the club in May by Boehly.

The Blues must now offload some of their best players by June 30 to keep their losses below the permitted £105m limit over three years.

Most profitable will be homegrown stars like midfielder Mason Mount, Trevoh Chalobah, Conor Gallagher, Ruben Loftus-Cheek and Callum Hudson-Odoi who cost the club nothing in transfer fees.

Other senior men like Mateo Kovacic, keeper Edouard Mendy, plus wingers Hakim Ziyech and Christian Pulisic will also be up for grabs.

Manchester City want left-back Ben Chilwell, who would command a fee in excess of £70m.

Any sales must be signed off by June 30 — the final day of the 2022-23 season — to be included in next year’s figures.

Chelsea blamed much of their latest loss on the Ukraine war which led to UK Government sanctions being imposed on former owner Roman Abramovich over his links to Russian leader Vladimir Putin.

A statement read: “The club was restricted in a number of areas including signing contracts with players and sponsorship partners, which collectively resulted in extraordinary expenses and loss of revenue.”

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Their total losses for the latest three-year cycle amount to £242m but the Prem gave clubs some leeway because of the impact of Covid.

Everton are facing a points deduction over FFP after getting hit by Prem charges on Friday.

And Manchester City also have an incredible 101 charges levelled at them covering a nine-year period.