Chelsea’s latest financial record shows loss of nearly £100million

It has been revealed that Chelsea FC recorded a loss of nearly £100million in 2019. This was made known in the club’s latest financial results. However, after the brilliant two profitable years that preceded this loss, they still insist they are compliant with UEFA’s Financial Fair Play regulations.

The club’s turnover grew marginally to £446.7million, and factors such as a lack of Champions League football, costs accrued from managerial changes, and the record outlay of new signings like Kepa Arrizabalaga, Mateo Kovacic, Christian Pulisic and Jorginho contributed to the £96.6m loss.

The Chairman of the club Bruce Buck in a chat with the club’s official website chelseafc.com said: 

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“Consistent revenue growth and careful financial management over recent seasons has allowed the club to make significant levels of investment in the playing staff whilst maintaining compliance with UEFA Financial Fair Play regulations.

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“This has contributed to another Europa League victory at the end of the 2018-19 season and a return to the highest level of European competition.

“This solid commercial foundation, allied to a young and exciting team now led by Frank Lampard, means that the club is well placed to sustain its pursuit of success both on and off the pitch as well as maintain its financial stability over the coming years.”

Meanwhile, Chelsea boss Frank Lampard is preparing to sign new players to boost his squad when the winter transfer window reopens following the Court of Arbitration’s halving of their transfer ban.

Chelsea have been linked with Lyon forward Moussa Dembele, Borussia Dortmund’s Jadon Sancho, Crystal Palace’s Wilfried Zaha amongst others.

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