Arsenal legend, Ian Wright, has noted that there is no improvement at Chelsea despite all the efforts made by the club’s owners to bring changes.

Chelsea have spent over £1 billion on transfer and loan fees since Todd Boehly took over at Stamford Bridge last year.

The signing of Cole Palmer from Manchester City on transfer deadline day took Chelsea past the £1bn mark

Chelsea finished in the bottom half of the Premier League last season and while many thought that the arrival of Mauricio Pochettino would change the story, the west London side are currently 11th in the table.

Within one week, the Blues conceded 8 goals in two games, 4-0 to Liverpool in midweek followed by 4-2 loss to Wolves on Sunday afternoon.

And Wright, a Premier League legend, noted that there are no changes or improvements within the club structurally and individually.

“Chelsea are not organised at the back. The midfield, they are all over the place, up front, we see Jackson came on, he had another chance, he couldn’t take it,” he said on Premier League Productions.

“It just seems to me like a place no one is improving. Nothing is improving whether it is structurally or individually, nothing is improving at Chelsea. It seems quite dire to me.”

Mauricio Pochettino has been confirmed as Chelsea’s new permanent head coach. Chelsea announced Pochettino’s appointment with the Argentinian signing an initial two-year deal that also includes a club option of an additional one year.

Pochettino will bring with him his trusted backroom team members, Jesus Perez, Miguel d’Agostino, goalkeeper coach Toni Jimenez plus son and fitness coach Sebastiano Pochettino.

The club announced his arrival in a Twitter post.

In a statement, the club said:

‘Mauricio’s experience, standards of excellence, leadership qualities and character will serve Chelsea Football Club well as we move forward.

‘He is a winning coach, who has worked at the highest levels, in multiple leagues and languages. His ethos, tactical approach and commitment to development all made him the exceptional candidate.’

Club co-owners Boehly, Behdad Eghbali, Jose E. Feliciano, Mark Walter and Hansjorg Wyss added in a joint statement:

The sporting team conducted a diligent and thoughtful process that the Board is proud of. ‘We are delighted that Mauricio will be joining Chelsea. Mauricio is a world-class coach with an outstanding track record. We are all looking forward to having him on board.’ The Argentine – who has been out of work since being sacked by PSG last summer – emerged as the frontrunner for the job after Julian Nagelsmann dropped out of the running and has impressed owners Todd Boehly and Behdad Eghbali. He will become their fourth manager since they took control of the club.

Chelsea FC has announced that Graham Potter has departed the club. Graham has agreed to collaborate with the Club to facilitate a smooth transition. In his time with the club, Graham has taken us to the quarter final of the Champions League, where we will face Real Madrid. Chelsea would like to thank Graham for all his efforts and contribution and wish him well for the future.

Bruno Saltor will take charge of the team as Interim Head Coach.Co-controlling owners Todd Boehly and Behdad Eghbali said:

‘On behalf of everyone at the club, we want to thank Graham sincerely for his contribution to Chelsea. We have the highest degree of respect for Graham as a coach and as a person. He has always conducted himself with professionalism and integrity and we are all disappointed in this outcome.

‘Along with our incredible fans, we will all be getting behind Bruno and the team as we focus on the rest of the season. We have 10 Premier League games remaining and a Champions League quarter final ahead. We will put every effort and commitment into every one of those games so that we can end the season on a high.’

Chelsea has announced a net loss of £121.3m, which it linked to sanctions imposed on former owner Roman Abramovich by the UK government last spring.

In a statement released by new owners of the club, it was stated that the sanctions could lead to a negative financial impact for years to come because it prevented them from “entering into new contractual arrangements.”

The London-based club sold to a consortium led by new chairman Todd Boehly in late May of 2022, were unable to sell tickets or merchandise after Abramovich was sanctioned in early March.

Though Chelsea saw an overall turnover increase of £481.3m from £434.9m the previous year on account of increased matchday revenue following the return of supporters post-pandemic.In spite of the sanctions, Chelsea still saw overall turnover increase to £481.3m from £434.9m the previous year on account of increased matchday revenue following the return of supporters post-pandemic.

Commercial revenue also grew to £177.1m with the club saying it “benefited from a net increase in sponsorship revenue from new contracts and existing partner renewals.”

They invested £118m in the playing squad during 2021/22 and made a profit on player trading – with the sales of Tammy Abraham to AS Roma, Marc Guehi to Crystal Palace, Fikayo Tomori to AC Milan, and Kurt Zouma to West Ham adding up to £123.2m.

A statement released by Chelsea alongside a publication of the accounts read;

“The club was required to operate within the limitations of a special licence issued by the UK government. These restrictions were in place until the completion of the club’s sale on 30 May 2022.

“During this period, the club was restricted in a number of areas including, but not limited to, its ability to sell matchday and season tickets, sell merchandise, accept event bookings, as well as sign contracts with players and commercial sponsorship partners, which collectively resulted in extraordinary expenses and loss of revenue.

“Furthermore, some of these limitations are also expected to have an impact on the financials in the following years due to the long-term impact from restrictions on entering into new contractual arrangements.”

Chelsea have sacked their commercial director less than a month after employing him after it emerged that he had sent ‘inappropriate messages’ before he joined the club.

The club confirmed that they had terminated the contract of Damian Willoughby ‘with immediate effect’ after they were made aware of the content of the messages.

Willoughby was in his second spell at Stamford Bridge. He took a key role, with Chelsea’s new US owners looking to maximise off-the-field revenue.

However, Willoughby has now departed after less than four weeks with the club. A Chelsea statement read:

‘Chelsea Football Club confirms that it has terminated commercial director Damian Willoughby’s employment with immediate effect.

‘Evidence of inappropriate messages sent by Mr. Willoughby, prior to his appointment at Chelsea FC earlier this month, has recently been provided to and investigated by the club.

‘While they were sent prior to his employment at the club, such behaviour runs absolutely counter to the workplace environment and corporate culture being established by the club’s new ownership.

‘The club’s owners are working tirelessly to set and achieve the highest standards both on and off the pitch, and are determined to establish and nurture a culture of transparency, accountability, inclusivity, diversity and opportunity.

‘The club is committed to creating an environment which embodies these values.’Kim is said to have made a complaint to the Blues president of business Tom Glick, who hired Willoughby, to claim that she had been s*xually harassed before his employment by the club and alleges she felt threatened over the telephone, Mail Online reports.

Kim held talks with Glick, who became the first appointment of the new Todd Boehly-Clearlake Capital owners in July, on behalf of overseas investors who want to pump hundreds of millions of pounds into the club’s mens’, womens’ and academy teams.

Kim provided Glick with a series of messages that were sent last year by Willoughby in which he asked her if she was n@ked, brought up the subject of having s*x, posted an alleged sexually explicit video and suggested he would arrange a meeting with City chief executive Ferran Soriano if she was willing to be ‘naughty’, according to Telegraph Sport.

The messages are said to have become angry after Kim rejected a proposal from Willoughby to help fund a bid to buy Chelsea that was expected to rival the bid of Todd Boehly and Clearlake.

Kim raised her concerns with Glick over the involvement of Willoughby after that first meeting, initially surrounding his attempt to raise investment as part of a bid to buy Chelsea.

The Telegraph report believes she alleges this prompted an angry phone call from Willoughby. Kim then forwarded Glick eight screenshots of messages of a s*xual nature, including the alleged s*xually explicit video, on September 3 – two days before Willoughby’s official start date at Chelsea.

She then made a complaint after Willoughby started working for Chelsea and talks have since stalled over her proposed investment project.