Chelsea manage £32.5m profit despite pandemic impact

Chelsea have announced profits of £32.5m in their latest set of financial results, as released on the club website yesterday.

The data, which runs up to the 30th of June 2020 and thus will not include the vast transfer outlays made after that point, shows that turnover fell from £446m to £407m as a result of the coronavirus pandemic, but the club managed to emerge with a profit nonetheless.

They point out that the loss of money from tickets to games was offset by the reduced matchday costs – and also mention that they kept all employees on full time wages, declining to use the government furlough system.

Overall it’s a nice shred of good news, and further progress towards the self-sustaining club that we all hope for. Next year’s results won’t look so pretty – but hopefully we’re now set up with a squad that won’t need major surgery for some years.