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Saturday, September 30, 2023
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Chelsea announce $196.7 million loss regardless of Champions League success | Soccer Information

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LONDON: European champions Chelsea introduced Thursday an annual lack of £145.6 million ($196.7 million, 173.5 million euros) for the yr to June 30 2021 regardless of their Champions League triumph.
The London membership had been topped kings of Europe in Might following a 1-0 win over English rivals Manchester City within the Champions League remaining in Porto.
However whereas their turnover rose from £387.8 million to £416.8 million because of a rise in broadcasting income, Chelsea stated they nonetheless made a loss after enjoying video games with no crowds due to Covid-19, with a discount in income on participant gross sales additionally damaging their steadiness sheet.
Chelsea proceed to be backed financially by Fordstam Restricted, an organization managed by membership proprietor Roman Abramovich, with their accounts saying “the corporate is reliant on Fordstam Limited for its continued monetary help”.
The Blues added that underneath a “extreme however believable draw back state of affairs of soccer being performed behind closed doorways in December 2021 and January 2022” it might be reliant on extra funding from Chelsea FC PLC, with additional funds wanted if the monetary affect of Covid-19 had been much more extreme.
Chelsea stated Thursday they’ve signed three gamers for a complete of £109.7m — striker Romelu Lukaku, goalkeeper Marcus Bettinelli and midfielder Saul Niguez, on mortgage from Atletico Madrid, since June 30.
In the identical interval, Chelsea added they’d bought 13 gamers for a mixed £103.7m. They may additionally obtain an additional £16.4m if excellent clauses in earlier transfers are all met.
Russian billionaire Abramovich bought Chelsea in 2003 and has overseen essentially the most profitable period within the historical past of the membership, together with 5 English titles and two Champions League crowns, with the Blues finishing a league and FA Cup double in 2009/10.

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