Chelsea, the holder of the Champions League trophy, announced that they had lost 145.6 million pounds at the end of the financial year ended on June 30, 2021, writes BBC.
The Premier League club won the Champions League last season under coach Thomas Tuchel.
The group’s turnover has risen from £ 387.8 million to £ 416.8 million due to rising TV rights revenue, but the club says the absence of viewers, under anti-covid rules, and a Decreased profit from player sales were the main reasons for the financial losses.
Chelsea FC continue to be financially supported by Fordstam Limited, a company owned by Roman Abramovici, but the club owes more than £ 1 billion to “affiliates”.
Chelsea are currently second in the Premier League with 42 points, 8 points behind leaders Manchester City after 20 stages.
On January 2, the Londoners will face on their own ground Liverpool, the occupant of the 3rd place, which has one point less in the ranking.