Chelsea announce £145.6m loss despite Champions League success

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...

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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