It’s that time of the year again where clubs have to make public their financial reports for the year before.
Chelsea have put their latest report from 2021/22 on their official website this morning, and they have reported a net loss of £121.3 million.
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Of course, a lot of this is down to the fact that they could not make a profit for some time whilst they were under Government sanctions off the back of the war in Ukraine, and Chelsea’s Russian owner Roman Abramovich.
Despite the restrictions placed on the Club, the turnover figure increased to £481.3 million from £434.9 million the previous year.
The Club invested £118.0 million in the playing squad during the 2021/22 financial year, including existing player contract renegotiations. In addition, the Club made a profit on player trading of £123.2 million in the year, including the sales of Tammy Abraham to AS Roma, Marc Guehi to Crystal Palace, Fikayo Tomori to AC Milan, and Kurt Zouma to West Ham.
Despite the loss in the year and the operating challenges due to the sanctions, the Club claims that they continue to comply with UEFA and Premier League financial regulations.