players coming out of the club's youth program, and Chelsea fought for championships throughout the 1960s, suffering from several close calls. Going into the last stretch of the 1964–1965 season, they were on track to win the League Cup, FA Cup, and League Cup, but they faltered late in the other two competitions The team lost in three major semifinals in three seasons while finishing second in the FA Cup. In 1970, Chelsea won the FA Cup under Docherty's replacement, Dave Sexton, defeating Leeds United 2-1 in the championship match. The next season, Chelsea defeated Real Madrid in another replayed match to win the UEFA Cup Winners Cup, giving them their first European honor.
For Chelsea, the late 1970s and early 1980s were a tumultuous time. Star players were sold, the squad was demoted, and the club's financial health was in jeopardy due to an ambitious Stamford Bridge renovation. A infamous hooligan element in the crowd produced additional issues and plagued the club for the remainder of the decade. At its lowest point, Chelsea was purchased by Ken Bates from Brian Mears, the great-nephew of Mears, in 1982 for a modest fee of £1. Although the freehold to Stamford Bridge had already been sold to developers, the club was still in danger of losing their home when Bates acquired a majority interest in the organization and listed Chelsea on the AIM stock exchange in March 1996 The group is on the field
had performed poorly, nearly being demoted to the Third Division for the first time, but manager John Neal assembled an excellent new team in 1983 for little money. Before being demoted once more in 1988, Chelsea won the Second tier championship in 1983–84 and made a name for themselves in the top tier with two top–six finishes. The team quickly recovered by winning the Second Division title in 1988–89.
After a protracted legal dispute, Bates, working with the banks of the property developers who had been forced into bankruptcy by a market downturn, reunited the stadium freehold with the club in 1992. In the middle of the 1990s, investor and Chelsea supporter Matthew Harding joined the board and loaned the team £26 million to construct the new stadium.
North Take a stand and support new players. Chelsea struggled in the new Premier League, despite making it to the 1994 FA Cup Final. An improvement in the team's fortunes started in 1996 with the hiring of Ruud Gullit as player-manager. He bolstered the team with a number of elite international players and guided the team to their first major trophy since 1971, the FA Cup. Gianluca Vialli succeeded Gullit as manager, and during his tenure, Chelsea won the League Cup, the UEFA Cup Winners' Cup, the UEFA Super Cup, and the FA Cup in 1998. In 1998–99, they also put up a strong title defense, finishing four points off Manchester United, and made their UEFA Champions League debut. Vialli was terminated in favor of Claudio Ranieri, who led Chelsea to the FA Cup Final in 2002 and the Champions League in the 2002–03 season.
Bates abruptly sold Chelsea F.C. for £60 million in June 2003 although the team appeared to be in financial trouble He reportedly realized a personal profit of £17 million on the club he had purchased in 1982 for £1 (his interest had been reduced over the years to slightly around 30%). Roman Abramovich, a Russian businessman and multibillionaire, became the club's new owner and assumed ownership of its £80 million debt, paying off a portion of it right once. Sergei Pugachev said Chelsea was purchased at Putin's direction; Abramovich has refuted this claim. Before purchasing Chelsea in a deal that was completed in a single day, Abramovich was in talks to purchase Manchester United and Tottenham Hotspur, according to Bates.
Chelsea athletes rejoice over their first
winning the 2012 UEFA Champions League matchup with Bayern Munich.
Ranieri was replaced by José Mourinho after more than £100 million was spent on new players, although he was unable to win any trophies In addition to winning an FA Cup (2007) and two League Cups (2005 and 2007), Chelsea became the fifth English team to win back-to-back league titles since the Second World War under Mourinho (2004–05 and 2005–06). Mourinho was dismissed by Avram Grant after the 2007–2008 season got off to a rough start. Grant guided the team to their first UEFA Champions League final, which they lost to Manchester United on penalties. In the first nine years of Abramovich's ownership, the team lost money every single month, setting a record loss of £140 million in June 2005.
I am a lover of unique nature. Before every game, I become thrilled. The process itself is more significant than the trophy in the end.
—Abramovich talking about Chelsea's two trophy-laden seasons in 2006. In 2009, Chelsea won another FA Cup under interim manager Guus Hiddink. In 2009–10, under the leadership of his successor Carlo Ancelotti, they won both the Premier League and the FA Cup, making them the first English top-flight team to do so since 1963.Defeating Bayern Munich 4-3 on penalties, Chelsea won their first UEFA Champions League championship in 2012 under the direction of Roberto Di Matteo. They became the first London club to achieve it. The club became the first team to win the UEFA Europa League the following year
to simultaneously hold two significant European championships and be one of five clubs to have taken home all three major UEFA trophies. When Mourinho took over again as Chelsea's manager in 2013, the team won the League Cup that month and the Premier League championship the following month. After a rocky start to the following season, Mourinho was fired after four months.
For the first time during Abramovich's ownership, Chelsea reported a profit of £1.4 million in November 2012 for the year that ended on June 30, 2012. A deficit in 2013 was then followed by their highest-ever profit—£18.4 million—for the year ending in June 2014. Chelsea revealed a record-breaking after-tax profit of £62 million in 2018.
2017 under the new Chelsea won their sixth English championship under coach Antonio Conte, and the following year they won their eighth FA Cup.In 2018, Conte was fired after finishing in fifth place and was replaced by Maurizio Sarri. Under Sarri, Chelsea won the Europa League for the second time after defeating Arsenal 4-1 in the final and advanced to the League Cup final, which they lost to Manchester City on penalties. After leaving the team to manage Juventus, Frank Lampard, a former Chelsea player, took Sarri's place.
Chelsea finished fourth in the Premier League and advanced to the FA Cup final under Lampard's leadership, where they fell to Arsenal 2-1.Thomas Tuche was hired in January 2021 to replace Lampard.