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There are no profits, the club owes him 1.5 billion ( most likely creative accounting, but still), and clubs at that level of that type ( vanity project with un
by sofixa 5y ago
There are no profits, the club owes him 1.5 billion ( most likely creative accounting, but still), and clubs at that level of that type ( vanity project with unlimited budget) aren't profitable.
- throwaway290 5y agoIt’s the seventh most valuable football club in the world, supposedly. > In 2018 Chelsea announced a record after-tax profit of £62 million. https://en.wikipedia.org/wiki/Chelsea_F.C.#Ownership_and_finances https://en.wikipedia.org/wiki/Chelsea_F.C.#Ownership_and_fin...
- sofixa 5y agoThat was exceptional, they also should have had decent profits in 2019 due to a transfer ban ( so they couldn't spend money on players), but since 2020 they've spent more than 250 million on new acquisitions, and will need to continue to do so ( they're going to lose more than half their defence this summer).