Bungling Chelsea spent £2.03million EVERY DAY on transfers in 2023 – only to go backwards in Premier League

THE STAGGERING cost of Chelsea’s transfer spend over the past 12 months has been revealed - but things have only got worse on the pitch.

Todd Boehly and Clearlake have forked out over £1BILLION on new additions since they took over the West London club in 2022.

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That output failed to make any sort of impact at the start of the 2022/23 campaign.

Chelsea started 2023 sitting ninth in the Premier League table under Graham Potter.

And they had amassed a tally of 24 points from their opening 15 matches - that gave them an average of 1.6 points per game.

That led to another splurge last January, with Mykhailo Mudryk signed in a deal that could reach £88m and Enzo Fernandez arriving for a potential total of £110m the two biggest recruits.

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But things did not get much better for the Blues as Potter was eventually axed, and after Frank Lampard returned as interim, they eventually ended the season in 12th.

That was their worst Premier League finish since 1993-94, which made it their worse ever in a 38-game season.

However, the arrival of Mauricio Pochettino as boss in the summer and a host of other new additions brought renewed optimism.

There was £173m spent alone on midfielders Moises Caicedo and Romeo Lavia, signed for £115m and £58m respectively, while big-money was dished out in attack.

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Christopher Nkunku joined for £56m while Nicolas Jackson cost £30m, but the strikers have only produced ten goals in all competitions between them.

Cole Palmer, who will potentially cost a total of £42.5m, has argubarly made the biggest impact since he signed from Manchester City.

The 21-year-old attacker has scored ten - including a brace in yesterday’s 2-1 win at Luton Town.

But despite ending 2023 with three points, Chelsea are actually doing WORSE with regards to their position in the Premier League than they were 12 months ago.

Poch’s side go into 2024 in tenth place - one place lower than this time last year - with 28 points from 20 matches.

That gives them an average of only 1.4 points per game so far.

Not by any stretch does that make good reading for Boehly after he spent what could turn out to be £755.6m in total on new signings since January 1.

And he will be expecting a huge upturn in results after their huge transfer outlay ending up costing Chelsea £2.03m EVERY DAY throughout the past 365 days.