High wages, losing £2m per week but a good transfer strategy – Looking into Chelsea’s accounts

Chelsea have published financial accounts for the 2018/19 season, a successful if not disjointed campaign that saw them back in the top four and winners of the Europa League.

Revealing how much the club generated in revenue, spent in costs, received in funding and much more, Chelsea’s accounts cover a solitary season under Italian Maurizio Sarri, who left to join Juventus at the end of the end season.

Club legend Frank Lampard took his place, and these are the figures Chelsea’s all-time top scorer will deal with as he looks to guide his team to success this time around

Here are the key takeaways from the accounts.

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Sizeable losses show the cost of financing Chelsea

Chelsea lost £102million last season, or nearly £2million per week.

This is a return to the kinds of losses Chelsea reported in the early Roman Abrammovich days, when the club was spending far more on players and wages than was coming in the door.

Last season, Chelsea’s enormous losses stemmed from a myriad of factors (more on that later) but one factor that didn’t help was the near stagnant revenues reported by the club.

Income increased by just £3million to an admittedly huge £447million – with the bulk of this due to a range of new commercial deals signed by the club.

While winning the Europa League was certainly of value to the club, Chelsea missed out on the much-more lucrative Champions League money – and 2018/19 marked the start of a fresh, three-year broadcasting cycle that could have dwarfed Chelsea’s Europa League earnings.

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