Chelsea say Government sanctions imposed on former owner Roman Abramovich were a factor in the club posting losses of £121m in 2021-22.Russian billionaire Abramovich was sanctioned by the UK Government in March last year as it sought to freeze the assets of individuals it believed had connections to the country’s president, Vladimir Putin, following the invasion of Ukraine.Chelsea were placed under a special licence which restricted their ability to sell tickets, accept event bookings and even sign contracts with players Baguio
Commercial revenue increased to £177.1m Warriors
The losses were attributed to increased operating expenses including matchday and non-matchday costs. Pogo
The restrictions remained in place until May 30 last year when a new consortium led by American businessman Todd Boehly completed its takeover of the club.A Blues statement issued on Monday said the impact of the sanctions on Chelsea’s financial results would also be felt “in the following years”.Chelsea said turnover had increased to £481.3m from £434.9m the previous year despite the sanctions AOE
The losses were attributed to increased operating expenses including matchday and non-matchday costs. Peraplay
The restrictions remained in place until May 30 last year when a new consortium led by American businessman Todd Boehly completed its takeover of the club.A Blues statement issued on Monday said the impact of the sanctions on Chelsea’s financial results would also be felt “in the following years”.Chelsea said turnover had increased to £481.3m from £434.9m the previous year despite the sanctions Chess
Commercial revenue increased to £177.1m Realme
Chelsea say Government sanctions imposed on former owner Roman Abramovich were a factor in the club posting losses of £121m in 2021-22.Russian billionaire Abramovich was sanctioned by the UK Government in March last year as it sought to freeze the assets of individuals it believed had connections to the country’s president, Vladimir Putin, following the invasion of Ukraine.Chelsea were placed under a special licence which restricted their ability to sell tickets, accept event bookings and even sign contracts with players Bingo