Chelsea announce ₤ 32.5 m revenue for 2019-20 fiscal year
Chelsea have posted a revenue of ₤ 32.5 million ($ 44.4 m) in their most current set of monetary outcomes – but the club still saw a year-on-year fall in general turnover in part thanks to the Covid-19 pandemic.
The Blues saw their overall slip from the previous number of ₤ 446.7 m ($ 610.6 m) to ₤ 407.4 m ($ 556.8 m) for the ending June 30 2020, but still made a tidy margin thanks to both player sales and Champions League qualification.
Frank Lampard’s side likewise remains compliant “with UEFA’s break-even requirements under the Financial Fair Play (FFP) policies,” per a club statement.
Like many other clubs, Chelsea saw a considerable fall in both broadcasting and matchday profits, as a result of the suspension of the season from March 2020 as the pandemic rattled through Europe.
Commercial revenue likewise took a hit with non-matchday activities efficiently suspended or closed, while the club even more invested near ₤ 100m ($ 136.7 m) in their squad.
That figure does not consist of Lampard’s big-money summer signings, however, with Kai Havertz, Timo Werner, Ben Chilwell and Edouard Mendy all arriving after the close of the 2020.
” In typical with lots of, lots of companies throughout the world, the pandemic has had a considerable effect on Chelsea’s earnings,” chairman Bruce Buck noted in a club declaration.
” But it signifies the strength and stability of our financial operation that the business was still able to publish an earnings in the past monetary year.
” This was done while continuing to buy our playing personnel and certainly had regular football not stopped in March, forecasts show a record revenue and record turnover would have been accomplished.
” That would have represented an increase in profits for a fifth year in succession.
” Despite the effect of Covid, the revenue streams stayed strong, our group is developing on the pitch and the Club remains in a great position to continue to grow when football is able to operate as it did previously, a time we are all eagerly anticipating.”
Chelsea are next back in action when they deal with fellow top-four and title hopefuls Manchester City on January 3, having taken one point from their last 2 games given that Christmas.