European champions Chelsea announced Thursday an annual loss of £145.6 million ($196.7 million, 173.5 million euros) for the year to June 30 2021 despite their Champions League triumph.

The London club were crowned kings of Europe in May following a 1-0 win over English rivals Manchester City in the Champions League final in Porto.

But while their turnover rose from £387.8 million to £416.8 million thanks to an increase in broadcasting revenue, Chelsea said they still made a loss after playing games with no crowds because of Covid-19, with a reduction in profits on player sales also damaging their balance sheet.

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