Chelsea have reported a profit worth £32.5 million for the financial year that ended in June 2020, despite the income taking a massive hit due to the coronavirus pandemic.
The total amount collected by the club fell from £446.7 million to £407.4 million. A major part of the reason behind the decline in income was due to the suspension of spectators from attending games in stadiums, as well as play being suspended towards the end of the season owing to the lockdown protocols.
The money accumulated from player sales, including the mega-money transfer of Eden Hazard to Real Madrid has been a major factor in making sure that the financial situation remains sustainable. Moreover, securing Champions League football whilst not spending on transfers due to a transfer ban also saved the Blues a great amount of cash.
Broadcasting and matchday revenue decreased by £17.6 million and £12.2 million respectively. However, the impact on Chelsea’s finances wasn’t as heavy as it was for the other clubs. In hindsight, the transfer ban was a blessing in disguise for the financial sector of the club.
It is important to note that Chelsea’s shopping spree worth over £200 million is not included in the report since most of the deals took place well after that time due to the transfer market opening late.
The club will be hoping to balance out their expenditures in the summer with player sales this time around as well. The likes of Marcos Alonso, Emerson Palmieri, Kepa Arrizabalaga and Antonio Rudiger have been linked with moves away from Stamford Bridge, and could really help Chelsea even out the books quickly.
