Chelsea announces annual financial results and confirms earnings of £ 32.5 million

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As the saying goes, “If you’re going to spend £ 222 million in the summer, it’s probably best to calculate your football club’s annual financial figures just before you open your wallet.”

That is not a saying. It never will be. But it’s a pretty smart business job, until you get into next year and you realize that Roman Abramovich has to sell one of his 30 homes to comply with Financial Fair Play.

Frank Lampard
Frank Lampard’s summer splurge has not been taken into account with the figures | Richard Heathcote / Getty Images

Chelsea has announced earnings of £ 32.5 million for the year ending June 2020, but of course it is such a small sum because the coronavirus affected their revenue, with a turnover that fell from £ 446.7 million. pounds sterling to 407.4 million pounds sterling.

The club added that its loss of revenue on the matchday and broadcast had hit the numbers, dropping from £ 16.6 million to £ 12.2 million.

In a statement issued at the club official websitePresident Bruce Buck stated that the pandemic has affected Chelsea’s financial figures, although he insisted that they are in a good position going forward.

Bruce buck
Bruce Buck wanted to emphasize that Chelsea are in a good position for the future | Masashi Hara / Getty Images

“Like many, many companies around the world, the pandemic has had a significant impact on Chelsea’s revenue, but it is a sign of the strength and stability of our financial operation that the company was still able to make a profit in the past. year, “the statement said.

“This was done while we continued to invest in our gaming staff and indeed if normal football had not stopped in March, projections show a record profit and record turnover would have been achieved. That would have represented an increase in revenue. for the fifth year in a row.

“Despite the impact of COVID, the sources of income remained strong, our team is developing on the field and the Club is in a good position to continue growing when football can function as it did before, a time that we are all looking forward thaw. “

Waiting for next year’s figures.

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