Chelsea
recorded a loss of nearly £100m for the year ending June 30 as the club
released their latest financial results.
However, despite the figures, the Blues insisted they are still compliant
with UEFA's Financial Fair Play regulations.
Turnover grew marginally to £446.7m with the club citing a lack of Champions
League football, costs associated with changing manager and a record outlay
on players Kepa Arrizabalaga, Christian Pulisic, Mateo Kovacic and Jorginho
for the £96.6m loss.
Chairman Bruce Buck said: "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.
"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."
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