The £100m Eden Hazard transfer boost missing from Chelsea’s latest accounts

Eden Hazard confirmed after the Europa League final that he would be leaving Chelsea after a trophy-laden seven-year spell.

“I think it’s goodbye,” he said on May 29 after a virtuoso display in the dismantling of Arsenal; and a week later national media reported that a deal had been done.

Real Madrid then affirmed the news, noting that Hazard would “be presented as a Real Madrid player on Thursday 13th June at the estadio Santiago Bernabéu, after undergoing a medical with the club”.

The Spanish side did not disclose a transfer fee for the Belgian, although reports suggested up to £100million had changed hands.

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So, while this timeline is fairly easy to follow, Hazard’s registration evidently was not completed in time for Chelsea’s financial accounts, which were published today and cover the 12-month period ended June 30, 2019.

Chelsea declared losses of £102million last season, and one of the main reasons for that was a severe drop-off in profits from player sales.

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In 2017/18, Chelsea were boosted by £113million of profits from player sales; but this more than halved to £60.4million last time out, including the sales of Thibaut Courtois, Ola Aina, Jay Da Silva, Jeremie Boga and Jonathan Panzo.

Hazard’s profit, which will now be included in the club’s 2019/20 accounts, would likely have covered the vast majority, if not all, of Chelsea’s losses last season. Logic dictates the sale was processed on July 1.

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