Chelsea recorded the biggest pre-tax profit of any Premier League club last season, according to the most recently published accounts.
The Blues were one of only four clubs not to record a loss in the 2019/20 campaign as the financial impact of the Covid-19 pandemic had a big effect on many clubs.
Indeed, the most recently published accounts of Premier League clubs show that the 20 top-flight side lost almost £1billion in the 2019/20 campaign.
Newcastle United became the last Premier League club to publish their 2019/20 accounts, with the Magpies making a £22.5m pre-tax loss over the course of the season, the tail-end of which was impacted by the Covid-19 pandemic.
It brings the total losses for all top flight clubs that season to £979.3m.
Only four clubs – Chelsea (£35.7m), Sheffield United (£18.8m), Norwich (£2.1m), and Burnley (£0m) – failed to record a loss, with the Blues faring best in terms of their finances during the course of that season.
Chelsea’s London rivals, Arsenal, Tottenham, Crystal Palace and West Ham all recorded losses during the 2019/20 campaign, while the Blues’ top four rivals Liverpool, Manchester City and Manchester United also recorded pre-tax losses.
Below are the recorded profits and losses of each club in the Premier League during the 2019/20 season, based on the club accounts.
Club: Pre-tax profit in 2019/20
Sheffield United: £18.8m
Norwich City: £2.1m
Manchester United: £-20.8m
Newcastle United: £-22.5m
Wolverhampton Wanderers: £-40m
Crystal Palace: £-58m
Brighton & Hove Albion: £-63.9m
West Ham United: £-65.3m
Leicester City: £-67.3m
Tottenham Hotspur: £-67.7m
Aston Villa: £-99.5m
Manchester City: £-125.1m
The figures above do not take into account the Blues’ summer transfer business in 2020, when Chelsea spent big, with the likes of Kai Havertz, Timo Werner, Ben Chilwell and Hakim Ziyech joined the club.
Chelsea did not buy any players in the January transfer window and are yet to spend big this summer, although the Blues are understood to be closing in on the signing of Belgian striker Romelu Lukaku in a £98million deal.
Source by Football London