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Chelsea reveal their 2019-20 profit

Fri 01 January 2021 | 14:03

The Blues saw their total dropping from £446.7m ($610.6m) to £407.4m ($556.8m) during the previous season due to the pandemic.

Chelsea

announce their profit of the year to be £32.5 million ($44.4m), but the club still witnessed a slip in their finances due the outbreak of Covid-19 with their total dropping from £446.7m ($610.6m) to £407.4m ($556.8m). However, the club was able to make profit thanks to selling two of their players and their Champions League qualification.

According to a statement made by the club,

Lampard

continues to remains in cooperation

"with UEFA's break-even criteria under the Financial Fair Play (FFP) regulations".

Like many other clubs Chelsea saw a drop in their revenues due to the pandemic, but the aforementioned stats did not include the Blues summer signings including

Kai Havertz

,

Timo Werner

,

Ben Chilwell

, and

Edouard Mendy

.

"In common with many, many businesses across the globe, the pandemic has had a significant impact on Chelsea’s income,"

chairman

Bruce Buck

said in a club statement .

"But it is a sign of the strength and stability of our financial operation that the company was still able to post a profit in the past financial year.”

"This was done while continuing to invest in our playing staff and indeed had normal football not halted in March, projections show a record profit and record turnover would have been achieved.”

"That would have represented an increase in revenue for a fifth year in succession.”

"Despite the impact of Covid, the revenue streams remained strong, our team is developing on the pitch and the Club is in a good position to continue to grow when football is able to operate as it did previously, a time we are all looking forward to."


source: SportMob