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Chelsea, turnover rises but losses over 100 million euros

2020-01-01T16:30:16.920Z


Club: the purchase of some players weighs, financial fair play respected (ANSA)


'Turnover increased for the fourth consecutive year, but losses not far from one hundred million pounds (96.6, equal to over 114 million euros). These are the main figures of Chelsea's balance sheet closed on 30 June 2019, released by the London club. The group's turnover grew to 446.7 million pounds (528 million euros) from 443.4 million in the previous year, while the 96.6 million losses were due, according to the company, "to purchases of players and the failure to participate in the Champions League, together with the costs associated with the change of management of the first team, "passed from the hands of Maurizio Sarri to those of Frank Lampard.

Despite significant losses, Chelsea claims to be able to guarantee compliance with the budgetary balance criteria provided by UEFA's Financial Fair Play. Roman Abramovich-owned club president Bruce Buck said that "steady revenue growth and careful financial management over the past few seasons has made it possible to make significant investments on players - citing goalkeeper Kepa, Christian Pulisic, Mateo Kovacic and Jorginho - while maintaining compliance with UEFA regulations. This has led to the victory of the Europa League, while the solid commercial base will guarantee both the constant search for success on and off the pitch and financial stability ".

Source: ansa

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