MOSCOW, 27 Mar – The losses of the English “Chelsea” at the end of the season 2021/22 amounted to 148.8 million dollars, according to the official website of the football club.

The financial results of the club were affected by international sanctions imposed on the former owner of Chelsea, Russian businessman Roman Abramovich. As a result of the sanctions, the Blues were required to operate within the restrictions of a special license issued by the UK government. They were in effect until the completion of the sale of the club.

Despite the restrictions, due to the increase in the number of game days and commercial income, the financial turnover increased to 590.3 million dollars. However, operating expenses also increased, resulting in the club’s total net loss of $148.8 million.

Chelsea have invested $144.7 million in their squad for the 2021/22 season and also earned $151.1 million from player sales.

Abramovich has been the owner of English Chelsea since the summer of 2003. Under him, the London club became the champion of England five times, won the FA Cup five times and won the English League Cup three times, also won the Champions League and the Europa League twice each. In early March 2022, Abramovich announced that he had put the club up for sale due to sanctions due to the events in Ukraine. The deal to transfer Chelsea from Abramovich’s ownership to a consortium of American Todd Boely officially closed at the end of May.