The Blues saw their total turn from the previous figure of £ 446.7m ($ 610.6m) to £ 407.4m ($ 556.8m) after a season marred by off-pitch conditions.
Chelsea have posted a profit of £ 32.5 million ($ 44.4m) in their latest set of financial results – but the club still saw a year-over-year fall in a full turn in part thanks to the Covid-19 pandemic.
The Blues saw their total loss range from £ 446.7m ($ 610.6m) to £ 407.4m ($ 556.8m) for the fiscal year ended 30 June 2020, but still made a sharp margin thanks to both player sales and Champions League certification. .
Frank Lampard’s side still complies “with UEFA’s balancing criteria under the rules of Financial Opportunity Play (FFP),” according to a club statement.
Like most other clubs, Chelsea saw a sharp drop in broadcast and matchday revenue, due to the stoppage of the season from March 2020 while the pandemic ran through Europe.
Commercial revenue was also a huge success with non-majestic actions effectively canceled or closed, and the club added nearly £ 100m ($ 136.7m) in further investment in their squad.
That figure does not include Lampard ‘s big money summer signs, however, with Kai Havertz, Timo Werner, Ben Chilwell and Edouard Mendy all arriving after the end of fiscal year 2020.
“Like many, many businesses around the world, the pandemic has had a major impact on Chelsea’s revenues,” chairman Bruce Buck noted in a club statement.
“But it is a testament to the strength and sustainability of our financial activity that the company has still been able to post a profit in the past financial year.
“This has been done while continuing to invest in our playworkers and of course if normal football was not discontinued in March, projections show a higher profit and would the highest conversion achieved.
“That would have increased revenue for the fifth year in a row.
“Despite Covid’s influence, revenue streams have remained strong, our team is developing on the pitch and the Club is well placed to continue to grow in football. able to operate as before, a time we are all looking forward to. “
Chelsea are next back in action when they face their main all-rounder and hopeful Manchester City on January 3, having taken one point from their last two games since Christmas.