Chelsea registered a loss of 138 million euros last year

A huge loss, amounting to 138 million euros, was recorded by the Chelsea in the fiscal year ended June 30, 2022.

This was revealed in the balance sheet published by the club, which attributed the collapse to extraordinary expenses and loss of revenue, following the sanctions imposed on the club’s previous owner, Roman Abramovich.

The Russian tycoon put the London club up for sale in March 2022 following Russia’s invasion of Ukraine, while sanctions imposed by the British government on Abramovich also complicated the sale process, which eventually went through to American Todd Boley a few months later.

The club announced that its turnover rose to 547 million euros (from 495 million the previous year), mainly due to an increase in matchday and commercial income as fans returned to stadiums after the coronavirus pandemic. . Also, commercial revenue “rose” to 201 million euros, thanks to a “net” increase in sponsorship revenue from new contracts, as well as renewals with existing partners.

Chelsea’s financial position is expected to be even worse in the new season, as the new investor has allocated more than 600 million euros to acquire players in two transfer “windows”. The “blues” are tenth in the Premier League standings, but they have qualified for the quarter-finals of the Champions League, in which they will face – the title holder – Real.