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Chelsea announce annual financial results & confirm £32.5m profit

Chelsea announce annual financial results & confirm £32.5m profit
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Chelsea announce annual financial results & confirm £32.5m profit

Chelsea announce annual monetary outcomes & affirm £32.5m revenue

Because the saying goes, ‘if you are going to spend £222m in the summertime then it is in all probability finest to calculate your soccer membership’s yearly monetary figures simply earlier than you open your pockets’.

That is not a saying. It by no means shall be. But it surely’s fairly savvy enterprise work – till you get to subsequent yr and realise Roman Abramovich has bought to promote one among his 30 homes to adjust to Monetary Truthful Play.

Frank Lampard
Frank Lampard’s summer time splurge hasn’t been taken under consideration with the figures | Richard Heathcote/Getty Photographs

Chelsea have introduced income of £32.5m for the yr ending June 2020 – however after all that is solely such a small sum as a result of coronavirus impacted their income, with turnover dropping from £446.7m to £407.4m.

The membership went onto add that their lack of matchday and broadcasting income had impacted the figures, dropping from £16.6m to £12.2m.

In an announcement launched on the membership’s official web site, chairman Bruce Buck acknowledged that the pandemic has impacted Chelsea’s monetary figures, although he insisted they’re in place going ahead.

Bruce Buck
Bruce Buck was eager to emphasize Chelsea are in place going ahead | Masashi Hara/Getty Photographs

“In frequent with many, many companies throughout the globe, the pandemic has had a major impression on Chelsea’s earnings however it’s a signal of the energy and stability of our monetary operation that the corporate was nonetheless capable of submit a revenue up to now monetary yr,” the assertion learn.

“This was performed whereas persevering with to put money into our taking part in employees and certainly had regular soccer not halted in March, projections present a document revenue and document turnover would have been achieved. That might have represented a rise in income for a fifth yr in succession.

“Regardless of the impression of COVID, the income streams remained sturdy, our workforce is creating on the pitch and the Membership is in place to proceed to develop when soccer is ready to function because it did beforehand, a time we’re all wanting ahead to.”

Wanting ahead to subsequent yr’s figures.

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