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Chelsea announces £ 32.5m profit despite coronavirus – Soccer Sports

Chelsea has announced a profit of £ 32.5m in its latest financial results, despite a decline in revenue from the coronavirus pandemic.

The London Club released the latest figures for the year ending June 30, 2020 on January 31, revealing profits despite the impact on sales by COVID-19.

Revenues fell from £ 446.7m to £ 407.4m as the virus caused a decline in broadcast, matchday, and commercial revenue.

Chelsea have lost £ 96.6m in the last 12 months, but Champions League qualifications and the sales of many players have been noted as the main factors behind the results.

Eden Hazard was the main starting point from Stamford Bridge during that period as it eventually joined Real Madrid in a deal worth around £ 150m.

Bruce boss Frank Lampard’s last transfer spending (including heavy fees for Timo Werner, Kai Havertz, Ben Chilwell, Hakim Ziyech and Edouard Mendy) is included in the numbers. did not.

Bruce Buck, president of Chelsea, told the club’s website: “In common with many companies around the world, pandemics have had a huge impact on Chelsea’s income.

“But the fact that the company was able to record profits in the past fiscal year is a sign of the strength and stability of our financial operations.

“This was done while continuing to invest in our play staff, and if in fact regular football hadn’t stopped in March, the forecast would have achieved record profits and record sales. It shows that.

“It would have represented an increase in revenue for the fifth consecutive year.

“Despite the impact of COVID-19, revenue sources remain strong, our team is developing on the pitch, and if football can function as before, the club will continue to grow. I am in a good position to. “

Chelsea has been owned by Russian billionaire Roman Abramovich since 2003.


– Soccer Sports

Chelsea announces £ 32.5m profit despite coronavirus

https://www.soccernews.com/chelsea-announce-32-5m-profit-despite-coronavirus/316285/ Chelsea announces £ 32.5m profit despite coronavirus

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