£32m – Chelsea made more player sale profit under Abramovich than new ownership according to shocking figures | OneFootball

The details are out for Chelsea’s spending last summer, and the numbers are not looking good. They made just £32m selling players.

If you enjoy Chelsea News coverage and want to see more of it, add us as a preferred source on Google to make us a favourite and see more of our content.

The details of Chelsea’s recently filed accounts for last season are in, and boy do they make some ugly reading.

The accounts are publicly available, but it’s. Chris Weatherspoon’s breakdown for the Athletic you really want to read. He notes that the £300m of players sold last summer generated a profit of just £32m – effectively because the club were still paying off the book value of a majority those players.

That means a Premier League record summer in terms of fees received is doing little to help the club financially.

Chelsea’s sister club made bigger profits – and so did Abramovich

Strasbourg in turn booked £34.4m. So we made less than our sister club, despite the aim to make Chelsea a profitable player trading entity. The club actually made more from player profits in the last three years of Roman Abramovich than they did in the three full years of BlueCo.

Gross transfer spending under BlueCo has now reached £1.87bn, and our player amortisation costs (the sum we’re paying every year to pay off transfers made in the past) hit £212.2m, an English football record.

In other news…

Marc Cucurella had most of our xG against Man City, a sure sign things aren’t going well.

Andrey Santos spoke out after the game with the weak claim that Chelsea were actually doing well in the first half against Man City.

DOWNLOAD THE OFFICIAL CHELSEA NEWS APP FOR ALL THE LATEST UPDATES – STRAIGHT TO YOUR PHONE! ON THE APP STORE

Check out the latest edition of Simon Phillips’ SPTC podcast here: