Chelsea
have announced post-tax losses of £145.6m for the year up to June 30, 2021.
The club says the losses were predominantly caused by a lack of match-day
income due to Covid, and a reduction in profit from player sales.
Chelsea's turnover actually increased thanks to a rise in broadcasting
revenue, caused by the delayed finish to the 2019/20 season and their run to
the final of the 2021 Champions League.
Chelsea's accounts state they are "reliant on Fordstam Limited for its
continued financial support". The company is owned by Roman Abramovich, and
has indicated it will continue to support the club "for the foreseeable
future".
The 2020/21 season - the period covered by the latest set of accounts - saw
Chelsea win the Champions League for the second time, finish fourth in the
Premier League and reach the FA Cup final.
The Blues also changed their manager in January, sacking Frank Lampard and
replacing him with Thomas Tuchel, who signed a two-year contract extension
in June.
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