Havertz, Werner, Chilwell and Mendy high-priced summer firms are covered in 2020 results
Find your favorites in your Independent Premium section, my profile
Chelsea announced a profit of 32. 5 million pounds in its latest set of monetary results.
The coronavirus pandemic has caused a drop in total Premier League club turnover from 446. 7 million pounds to 407. 4 million pounds by the year ending June 30, 2020.
But qualifying for the Champions League and earning it “from a series of player sales” still guaranteed the Blues a really hefty win.
The club also continues to “meet UEFA’s profitability criteria, the Financial Fair Play Regulation (FFP)”.
READ ALSO: Premier League table and schedule: all matches to the start date and time
The issuance and adjustment benefits fell to $17. 6 million and $12. 2 million respectively, basically due to the suspension of the season from March.
The relief in the day’s prices from the postponement of the games helped offset the losses caused by the pandemic.
Read our mailing list terms and consent here
Read our mailing list terms and consent here
The Stamford Bridge club has made the decision not to use the government’s licensing program to maintain jobs opposed to the coronavirus, proceeding to pay the salaries of full-time and transitional staff who were not required to paint fiscal year 2020.
Chelsea have played their last four Premier League games at home from the interrupted national crusade, as well as the conclusion of the FA Cup and Champions League matches behind closed doors, most of which fell in the 2021 monetary year.
Commercial revenues also fell by 9. 5 million pounds, with off-game activities at Stamford Bridge and also closed due to the pandemic.
Chelsea also invested 93. 7 million pounds in the team in the 2020 monetary year, which included renegotiations of existing player contracts.
However, the large summer signings of Kai Havertz, Timo Werner, Ben Chilwell and Edouard Mendy are covered in the 2020 results, as they all took a position after June 30.
Blues President Bruce Buck said on the club’s website: “Like many corporations around the world, the pandemic has had a significant effect on Chelsea’s income.
“But it is a sign of the strength and stability of our monetary transaction that the company has benefited from in the subsequent monetary year.
“This was done while investing in our gaming team and, in fact, if football in general had not been interrupted in March, the screenings show a record profit and record turnover would have been achieved. This would have represented an accumulation of income for a fifth consecutive year.
“Despite Covid’s impact, profit streams have remained strong, our team is developing on the field and the club is well placed to continue growing when football can serve as it did before, a time when we are all moving forward. “
This weekend, get a 10 euro loose bet with Betfair, when you bet 10 on the same game in the Premier League. Conditions: $10 minimum in the same bet game on any EPL fit from Friday to Sunday. Free bet valid for 72 hours, awarded to the payment of the bet. Excludes bets charged. Terms and situations apply.
Pennsylvania
The Independent Premium comments can be posted via members of our club program, Independent Premium. It allows our most engaged readers to talk about primary problems, express their own experiences, talk about concrete solutions, and more. leads when they can to create a genuine freelance Premium quote. The most in-depth comments on all topics will be published daily in engaging articles. You can also receive an email when someone replies to your comment.
Existing open chat threads will still exist for those who do not subscribe to Premium Standalone. Due to the breadth of this network of comments, we should not give each message the same point of attention, however, we have retained that area in the interest of open debate. Thank you for respecting all commentators and for creating constructive discussions.
Are you sure you’ll delete this comment?
Need to mark this comment as inappropriate?
You can check our network regulations in full here.
Create a feedback call to sign up for the discussion
You can check our network regulations in full here.
Create a feedback call to sign up for the discussion
Want to upload your favorite articles and stories to your favorites for reading or viewing later?Start your standalone Premium subscription today.