Chelsea reveals full FFP statement amid loss
Chelsea reveals full FFP statement amid loss
Chelsea reveals full FFP statement amid loss
Chelsea have released their financial results from a period under the old ownership and while the west London club was operating under a special licence due to Roman Abramovich being sanctioned
Chelsea have released their 2021/22 financial results, a period that runs until June 30th 2022, and revealed they made a net loss of £121.3million over the course of the season. The Blues say that despite this they continue to comply with both UEFA and Premier League financial regulations.
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Nevertheless it appears the club were able to make strides in some areas despite the limitations that were in place from March. Turnover increased from £434.9million to £481.3million due increased revenues driven by the return of supporters on matchdays and commercial revenue increased to £177.1million, despite broadcast revenue dropping due to lower UEFA Champions League distribution.
The Blues suggest that despite higher revenue, that increased operating costs contributed to the club recording a loss ‘before player impairments and one-off expenses of £26.6million’ to result in the £121.3million net loss.
The Blues have since undergone a change in tact in their transfer operations having recorded a £600million spend since the arrival of Todd Boehly and Behdad Eghbali at the club. Chelsea have made significant outlays to sign the likes of Enzo Fernandez, Wesley Fofana, Mykhailo Mudryk and a number of others and have attempted to ensure homegrown talent remained tied to the club when there was perhaps on opportunity to sell the likes of Callum Hudson-Odoi, Levi Colwill and others.
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Of course, it can be argued some of the transfer activity has been driven by the sanctions with new contracts unable to be promptly agreed, while some would suggest it ruined the chance of extending the deals of Antonio Rudiger and Andreas Christensen, who required big-money replacements.
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Source : All Football
