The £247m bonus Roman Abramovich gave Chelsea after missing out on Champions League

Roman Abramovich gave Chelsea almost a quarter of a billion pounds last season as the club invested heavily in the transfer market and had to compete without lucrative Champions League football.

Accounts published today by the club reveal that Chelsea’s parent company, Fordstam, which is controlled by the Russian, provided net funding of £247million to the club.

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This came as Chelsea revealed pre-tax losses of a colossal £102million for the year ending June 2019.

The club spent a record £72million to sign goalkeeper Kepa Arrizabalaga from Athletic Bilbao, while midfielder Jorginho followed head coach Maurizio Sarri from Napoli for more than £50million.

Chelsea also signed Christian Pulisic from Borussia Dortmund in January for about £57million but he did not officially join the club until last summer.

The accounts also revealed that they had the sixth highest wage bill in Europe.

Abramovich’s funding last year marked a sizeable rise on the previous season, when he handed over £69million.

Other costs ate away at Chelsea’s revenues, including the £26.6million payable to Antonio Conte and his staff, plus legal fees, following the Italian’s dismissal in July 2018.

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In addition, the accounts showed that there was a £7million fall in matchday revenue and a £4million fall in broadcasting revenue because the club was playing in the Europa League instead of the Champions League. 

Chelsea won the continent’s secondary competition and secured a top four finish last season.

Sarri, however, left the club at the end of the season to join Juventus while the club’s record goalscorer Frank Lampard returned to West London as head coach.