O Chelsea recorded a deficit of BRL 775 million in the balance sheet for the 2021/22 period, released this Monday, in a statement. According to the club, the main reason for this was the drop in income resulting from the British government’s sanctions imposed on Roman Abramovich, the club’s former owner, after the start of the clash between Russia and Ukraine.
“During this period, the club experienced restrictions in many areas including, but not limited to, ticket sales, merchandise, event bookings, as well as the signing of player contracts and sponsorships with commercial partners, which collectively resulted in extraordinary expenses and loss of revenue,” the club said.
According to the London team, “some of these limitations should impact finances in the coming years, due to the long-term consequences of restrictions on entering into new contractual agreements”.
Remember, in May last year, Chelsea was bought by American businessman Todd Boehly, for R$ 25.67 billion, which ended the sanctions of the English government.
With the end of the punishments, Chelsea presented positive numbers, such as the increase in revenue from R$ 2.7 billion to R$ 3 billion, which was also driven by the return of fans to the stadiums, after the retreat of the COVID-19 pandemic , and the growth in commercial revenue resulting from “new commercial contracts and renewals with existing partners”.
The club still made a profit of R$ 788 million with the negotiation of players, including the sale of Tammy Abraham to Roma, Marc Guehi to Crystal Palace, Fikayo Tomori to Milan and Kurt Zouma for West Ham.
“Despite the loss of the year and operational challenges due to sanctions, the club continues to comply with UEFA and Premier League financial regulations.”
Source: Gazetaesportiva
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