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CHELSEA’S owners have lost £1billion over the last two seasons despite the club posting profits.
The Blues are controlled by chiefs Todd Boehly and Behdad Eghbali via parent company 22 Holdco Ltd.
The business, which also owns the Chelsea women’s team and French side Strasbourg, have posted worrying figures in their latest accounts.
This season they have lost a whopping £445.5m and it comes after they ended the previous year on minus £653m.
Over two years of trading, the company’s losses are at £1.1bn.
22 Holdco Ltd borrowed £967m and repaid loans of £317m this year, with them paying £94m in interest on their borrowings.
The accounts blame “investments in the playing squads” for the worrying financial report.
These figures come at a time when Chelsea posted profits of £129.6m over the 2023-24 season.
There is a difference between the finances of the holding firm and the club after the women’s side was sold to a sister company for £200m and two hotels at Stamford Bridge went for £76.5m.
Premier League rules allow Chelsea to register these transactions and it has helped them make a profit.
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However, the cash generated is not allowed to count as income for 22 Holdco Ltd when reporting to HMRC.
The sale of the women’s team and hotels assisted Chelsea in avoiding a breach of the Prem’s Profit and Sustainability Rules.
Teams are not allowed to lose over £105m over a three-year period and the regulations do not address associated party transactions after a change could not be agreed following a vote last summer.
However, Uefa have different rules and only allow a £75m loss over the same three-year period.
They also do not let associated party transactions count in the books.
Uefa are reportedly assessing Chelsea’s sale of the women’s team and they have previously dished out fines to clubs who have broken rules.
ARSENAL welcome rivals Brentford to the Emirates looking to build on their sensational midweek Real Madrid win – and they thought they had taken the lead before Tierney’s header got ruled out.
The Scotsman rose highest before nodding the ball in the back of the net.
But after a quick check, the strike was rightly ruled out due to Tierney being in an offside position.
A CAR expert has revealed the best cars money can buy for new drivers – known for their safety and manoeuvrability, as well as being both cheap to run and insure.
According to statistics provided by Auto Express, almost a quarter of a million new drivers are due to hit the UK’s roads this spring, with 142,000 of those aged under 25.
It also means spring is one of the busiest times of the year when it comes to driving tests – with the Driver and Vehicle Licensing Agency, or DVLA, predicting 225,875 people will pass their test over the next three months.
With so many young people set to get their licences, it means many new drivers will be stretching their budgets for their first set of wheels – especially with added costs thrown in for things such as car insurance.
Speaking to Sun Motors, Paul Barker, editor of Auto Express, said: “According to DVLA data, a third of drivers pass their test at 17 or 18 – while 62% of new drivers are under 25 – which means that for the majority of new drivers, insurance premiums will be steep.
“So, with high insurance added to an already tight budget, it can be hard to find a cheap car without sacrificing other must haves – namely a car that is safe and easy to drive.”
The very best first cars for fresh drivers are the ones that offer a combination of safety, equipment, practicality, and easy manoeuvrability.
What’s more, they must be among the cheapest cars to insure, too.
“One of the biggest obstacles for new drivers to overcome is sky-high insurance costs, as insurers see inexperience as a risk.
“If you can avoid claims for 12 months, you will accrue a no-claims discount, which will give you a percentage reduction on your premium,” Paul said.
“Some finance deals include free insurance, though they raise monthly payments.
“One way of boosting a no-claims discount is to fit your car with an insurer-approved ‘black box’, which monitors your driving – return a good score, and the insurer can further reduce your payments.”
Paul also advises drivers to be on the hunt for cars with a high safety record – paying particular notice to the Euro NCAP rating.
He said: “Newer models are safer by default because they feature the most up-to-date safety equipment.
“This could include more advanced systems such as autonomous emergency braking and lane-keeping assist, which allow the car’s systems to intervene in an emergency.”
He also urges drivers to consider the car’s powertrain – and whether it’s petrol,diesel, hybrid or even an EV.
He said: “Small diesel cars are rare, and their fuel savings only pay off with lots of motorway miles – unlikely for a new driver, so small petrol models are best – if available, choose a stop-start system to cut running costs.
“The engine stopping in neutral might feel odd at first, but you will quickly get used to saving fuel and money.
“Smaller hybrid models use a petrol engine and electric motors to lower fuel consumption and emissions and there are plenty of small, easy-to-drive full-electric models available.
“However, they tend to be more expensive, and insurance can be higher. If the fuel and tax savings add up, they could offset the cost – but make sure you have space for a home charger.”
Other important things to look out for when buying a car for a new driver include light steering, good visibility, responsive engine and brakes, user-friendly controls and a positive gearshift.
Paul added: “These all help a new driver build confidence while driving.
“Make sure you take a few test drives in the models on your first car shortlist to decide which one suits you best.”
Thankfully, there are a number of motors that combine safety, practicality, manoeuvrability, and cheap insurance.
Among them is the Skoda Fabia, which is priced between £20,295 and £26,195 when new, although cheaper examples can be found on the used car market.
The Fabia combines affordability, comfort, and efficiency, while Paul highlights its spacious interior and low running costs, particularly if you choose the 1.0-litre MPI petrol engine in SE spec.
Similarly, the Kia Picanto, which comes in under £20,000, offers pretty good looks, tech like an 8-inch touchscreen, and Kia’s seven-year warranty, while the hard-to-differentiate Hyundai i10 is priced remarkably similarly to the Picanto, and comes with what Auto Express describe as big-car features in a compact form.
The Toyota Aygo X (£16,515–£21,995) brings SUV-inspired styling to the city car market, while also featuring a useful reversing camera and touchscreen.
For a more premium feel but premium price, the Volkswagen Polo (£21,250–£30,470) comes with a high-quality interior, smooth ride, and driver assistance options.
Budget-conscious buyers might consider the Dacia Sandero (£14,200–£17,700), one the cheapest new cars to buy in the UK.
Despite its low price, it offers practicality with five seats, a 320-litre boot, and low insurance costs.
For those seeking an affordable electric car, the Dacia Spring (£14,995–£16,995) is a no-frills EV perfect for city driving, offering a 140-mile range on a single charge.
Alternatively, the Fiat 500e (£24,995–£33,995) provides chic styling and urban efficiency, with a larger battery option delivering up to 199 miles, though it’s significantly more expensive.
The Renault Clio (£18,595–£24,895) combines style, equipment, and an optional hybrid powertrain, while the Vauxhall Corsa (£18,505–£34,435) remains a practical, versatile choice, available in petrol, hybrid, and electric variants, all featuring modern tech.
TESCO has added a “game-changing” snack to its £3.60 meal deal.
Shoppers have praised the supermarket with this “insane” addition.
Customers can now get a single Glazed Original Krispy Kreme as a snack, along with a meal and drink for just £3.60.
Typically, these doughnuts cost £1.99, making the meal and drink just £1.61.
Main meal items include a classic sandwich, pasta pot, salad, wrap, sushi and much more.
Whereas the drinks include smoothies, juices, iced coffees, water, and a selection of fizzy drinks.
Other snack items include crisps, fruit, boiled eggs, olives and yogurt.
For Clubcard members, meal deals cost £3.60. For non-Clubcard members it costs £5.50.
Posting to TikTok, @ellieannahawkes showed her 6,586 fans the bargain.
Ellie Anna said: “Okay why did no one tell me a plain Krispy Kreme was included in the Tesco Meal Deal please?”
She added: “Is this a new thing? Why have I not known about this.”
Hundreds of fans have flocked to the comment section.
One person said: “The Costa + main + bakery item was already so good now KRISPY KREME??? That’s insane like thank u tesco.”
Followed by a second: “So ur telling me I can get a MAIN a Krispy Kreme donut and a Costa for £3.50?
“Let’s not make other people aware of this…”
Meanwhile a third said: “I did not need to know this information omg.
“I’m too greedy for this lol.”
Then a fourth said: “Now were gonna have a donut epidemic like the cinnamon rolls.”
Another fan decided to share a find of their own.
They said: “Ice creams are also included.”
They went on to clarify; “not looked properly just like the single ice creams though.”
“Gotta love Tesco”, said another fan.
TESCO'S Clubcard scheme allows shoppers to earn points as they shop.
These points can then be turned into vouchers for money off food at the supermarket, or discounts at other places like restaurants and days out.
Each time you spend £1 in-store and online, you get one point when you scan your Clubcard.
Drivers using the loyalty card get one point for every two litres spent on fuel.
One point equals 1p, so 150 points gets you a £1.50 money-off voucher, for example.
You can double their worth when you swap them for discounts with “reward partners”.
For example, £12 worth of vouchers can be swapped for a £24 three-month subscription to Disney+.
Or you can swap 50p worth of points for £1 to spend at Hungry Horse pubs.
Where you can spend them changes regularly, and you can check on the Tesco website what’s available now.
Tesco shoppers can also get Clubcard prices when they have the loyalty card.
The discounted items change regularly and without a Clubcard you’ll pay a higher price.
These Clubcard prices are usually labelled on shelves, along with the non-member price.
But it’s worth noting that just because it’s discounted doesn’t necessarily make it the cheapest around, and you should compare prices to find the best deal.
You can sign up to get a Tesco Clubcard in store or online via the Tesco website.
AN URGENT recall has been issued over a popular hair brush that poses a “high risk of electric shock” to users.
Shoppers have been warned to “stop using this product immediately” and to “safely dispose of it.”
The TP-5+1 Hot Air Styler sold via Wowcher is being urgently recalled over electric shock risks.
It happens to be supplied with a three-pin “clover” style unfused plug.
Unfused plugs pose a fire risk in the UK due to their dimensions.
This means its possible for users to touch the live pin when plugging in or unplugging it from the socket.
For this reason, the product does not meet the requirements of the Electrical Equipment (Safety) Regulations 2016 or the Plugs & Sockets etc (Safety) Regulations 1994.
Shoppers have been advised to stop using the product immediately and dispose of it.
The Wowcher listing name is as follows: Just Gift Direct – Dyson Inspired Multi-Styler Tool’ and ‘Obero International Ltd – 5 in 1 Hot Air Hair Styler.
Its sales period is: December 7, 2024 to March 8, 2025 and February 20, 2024 to March 20, 2024.
Wowcher describes the product as: “A hot air brush for hair styling with black power supply cord and three-pin plug, supplied with five detachable attachments for drying, curling and brushing.”
The Office for Product Safety and Standards said: “The product presents a high risk of electric shock as it is supplied with a 3-pin ‘clover’ style plug which do not meet the requirements of the relevant standard, BS 1363.
“Clover-style plugs are unfused, and due to the dimensions of the plug pins, it is possible for users to touch the live pin when plugging in or unplugging the plug from the socket.”
It comes after Marks and Spencer’s urgently recalled its popular Children’s Fisherman’s Coats.
The coats, for 0 to 3 Months and 3 to 6 Months posed worrying “suffocation risks.”
The product is meant for babies under 6 months, but includes a hood creating a risk of choking.
Should a baby be left unattended and the hood covers its head, it may suffocate itself.
End users have been advised to return the product to the store from which it was bought for a full refund.
Chief consumer reporter James Flanders reveals all you need to know.
Product recalls are an important means of protecting consumers from dangerous goods.
As a general rule, if a recall involves a branded product, the manufacturer would usually have lead responsibility for the recall action.
But it’s often left up to supermarkets to notify customers when products could put them at risk.
If you are concerned about the safety of a product you own, always check the manufacturer’s website to see if a safety notice has been issued.
When it comes to appliances, rather than just food items, the onus is usually on you – the customer – to register the appliance with the manufacturer as if you don’t there is no way of contacting you to tell you about a fault.
If you become aware that an item you own has been recalled or has any safety noticed issued against it, make sure you follow the instructions given to you by the manufacturer.
They should usually provide you with more information and a contact number on its safety notice.
In some cases, the manufacturer might ask you to return the item for a full refund or arrange for the faulty product to be collected.
You should not be charged for any recall work – such as a repair, replacement or collection of the recalled item
BOXING fans celebrated the official launch of Fatal Fury: City of the Wolves as Chris Eubank Jr and Conor Benn prepare to fight in a fortnight.
The Fury Continues film takes the legendary Benn-Eubank rivalry beyond the boxing ring and into the Fatal Fury video game, where Eubank Jr and Benn battle it out not just for victory, but to settle a feud going back to when their fathers fought each other more than 30 years ago.
The film is a high-energy, cinematic campaign that merges boxing history with gaming nostalgia, paying homage to the classic video game title of this fight night at Tottenham Hotspur Stadium later this month.
Starring Britain’s Got Talent guest judge KSI and IShowSpeed — two of the internet’s most popular creators — the story kicks off during a behind-the-scenes SNK tour.
Curiosity leads them to a restricted server room, where Speed impulsively presses a mysterious red button, triggering a
glitch in reality, which pulls him, Chris Eubank Jr and Conor Benn into the Fatal Fury universe.
Trapped in this digital world, they discover that the villainous Geese Howard, the arch nemesis in SNK’s Fatal Fury gaming series, is the mastermind behind the chaos, forcing them to fight each other.
However, the glitches create unpredictable twists, unleashing
iconic fighters and unexpected battles.
To escape, they must survive the challenges, overcome the system and prove who the true champion is, both in-game and reality.
The trailer was conceived and developed by BigTime Creative Shop, bringing together a bold vision that fuses gaming, sport, and cinematic storytelling, immersing audiences in a fight like never before experienced.
It was brought to life through the production expertise of Prodco, with acclaimed film director Mackenzie Sheppard.
Tickets for ‘FATAL FURY: City of the Wolves’ headlined by Chris Eubank Jr and Conor Benn on Saturday April 26 at Tottenham Hotspur Stadium are on sale now.
