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The Blues saw their total drop from the previous number of £ 446.7 million ($ 610.6 million) to £ 407.4 million ($ 556.8 million) following a season ruined by off-field problems.
Chelsea posted a £ 32.5 million ($ 44.4 million) profit on its latest set of financial results, but the club still saw an annual drop in overall turnover in part thanks to the Covid-19 pandemic.
The Blues saw their total drop from the previous number of £ 446.7 million ($ 610.6 million) to £ 407.4 million ($ 556.8 million) for the fiscal year ending 30 December. June 2020, but they still got a neat margin thanks to both player sales and Champions League qualification. .
Frank Lampard’s page also continues to meet “UEFA’s balancing criteria under the Financial Fair Play (FFP) regulations.” according to a club statement .
Like most other clubs, Chelsea saw a significant drop in both broadcast and matchday revenue, as a result of the season suspension from March 2020 when the pandemic rocked Europe.
Business revenue was also affected with non-match day activities effectively suspended or closed, while the club invested close to £ 100 million ($ 136.7 million) in its team.
However, that figure does not include Lampard’s big summer signings, as Kai Havertz, Timo Werner, Ben Chilwell and Edouard Mendy arrived after the close of fiscal 2020.
“Like many, many companies around the world, the pandemic has had a significant impact on Chelsea’s revenue.” President Bruce Buck noted in a club statement .
“But it is a sign of the strength and stability of our financial operation that the company could still post earnings in the last financial year.
“This was done while we continued to invest in our gaming staff and indeed if normal football had not stopped in March, the 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, revenue streams 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 previously, a time that we are all in. looking forward thaw. “
Chelsea are next to be back in action when they take on top-four title contenders Manchester City on January 3, having earned a point in their last two games since Christmas.