By Daily Sports on January 1, 2021
Chelsea’s form on the pitch may have fallen away of late but the future looks rosy, according to chairman Bruce Buck, as the Premier League side posted a profit of £32.5million ($44.4 million) for the year ended June 30, 2020.
The figures reflect the impact the halt to the Premier League season in March had due to the coronavirus pandemic as overall turnover for the group fell from £446.7 million to £407.4 million.
Broadcasting and matchday revenues decreased by £17.6 million and £12.2 million respectively largely due to the suspension of the campaign.
However, qualification for the Champions League and surplus made “on a number of player sales” helped them post positive results.
Source Daily Sports
Posted January 1, 2021
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