(Reuters) - Chelsea had an overall net loss of 121.3 million pounds ($148.65 million) for 2021-22 due to 'extraordinary expenses and loss of revenue' after sanctions were imposed on previous owner Roman Abramovich, the Premier League club said on Monday.
FILE PHOTO: Roman Abramovich attends a signing ceremony in Istanbul, Turkey July 22, 2022. REUTERS/Umit Bektas
Chelsea were not allowed to sell tickets, resulting in a loss of revenue, while their operational spend was also curtailed due to government restrictions until the sale was completed at the end of May. Chelsea said their turnover figure increased to 481.3 million pounds from 434.9 million pounds the previous year mainly due to increased matchday and commercial revenue as fans returned to stadiums after the COVID-19 pandemic.
"The above contributed to the group recording a loss before player impairments and one-off expenses of 26.6 million pounds for the year ended 30 June 2022, and an overall net loss of 121.3 million pounds.
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