The Blues saw their total dropping from £446.7m ($610.6m) to £407.4m ($556.8m) during the previous season due to the pandemic.
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,
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 includingKai Havertz
, andEdouard Mendy
"In common with many, many businesses across the globe, the pandemic has had a significant impact on Chelsea’s income,"
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."