Chelsea post huge loss this year

Chelsea post huge loss this year

Reducing player sales profits, ticket sales…

English football club Chelsea announced today a £145.6m loss after tax, for the year to June 30. June 2021.

European champions Chelsea said the losses were mainly caused by a reduction in profits from player sales, but also due to a lack of revenue on match day after fans were banned from the stadium due to a coronavirus pandemic.

The London club’s profits rose from £387.8m to £416.8m thanks to an increase in broadcast rights revenue, Sky reported.

The club will continue to fund Fordstam Limited, a company owned by Roman Abramovich, which has indicated it will continue to support Chelsea “for the foreseeable future.”

Chelsea won the Champions League last season, finished fourth in the Premier League and played in the FA Cup final. The club sacked coach Frank Lampard in January and brought in Thomas Tuchel, who extended his contract for two years in June.

After June 30, the club announced that it would be re-18. On June 13, he brought in three players for £109.7m – Romelu Lukaku, goalkeeper Marcus Bettinelli and Saul Nigues, on loan from Atletico Madrid.

During the same period, Chelsea sold 13 players for a total of £103.7m and the club could receive up to £16.4m if all remaining clauses in previous transfers are met, according to the BBC.

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