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Chelsea FC plc today announced our annual financial results for the year ended 30 June 2020

https://www.chelseafc.com/en/news/2020/12/31/chelsea-fc-financial-results?cardIndex=0-0

The group turnover figure fell to £407.4m from £446.7m the previous year due to the impact of the COVID-19 pandemic which impacted all revenue streams of the Group. Despite the fall in revenue, the Group recorded a profit of £32.5m for the year ended 30 June 2020, reflecting the Club’s qualification to the Champions League and profits made on a number of player sales during the 2020 financial year. 

The Club continues to comply with UEFA’s break-even criteria under the Financial Fair Play (FFP) regulations.

The impact of COVID-19 on revenue was partially offset by reduced matchday costs due to the postponement of matches in March 2020. However, the club elected not to make use of the government job retention scheme, despite paying the wages of full time and temporary staff who were not required to work, throughout the 2020 financial year.

Without the COVID-19 pandemic and the consequent suspension of normal football activity in March, club projections show a record profit and record turnover would have been achieved, which would have represented an increase in revenue for a fifth year in succession.

Broadcasting and matchday revenues decreased by £17.6m and £12.2m respectively, primarily as a result of the suspension of the 2019/20 season in March 2020. This resulted in the final four home league games of the season and the conclusion of both The FA Cup and Champions League taking place behind closed doors, the majority in the 2021 financial year. There was a complete loss of ticket and other match day revenue for the affected games, due to rebates or credits being provided to supporters. In addition, rebates have been recognised which are due to domestic and overseas broadcasters, this has been proportioned over the number of matches played in season 19/20, therefore an element has been deferred to the 2021 financial year.

Revenue from commercial activities fell by £9.5m, driven by the effects of the closure of non-match day activities in March 2020, as well as decreased pre-season revenue and a decrease in player loan fee income. This was offset by a net increase in sponsorship revenue from new and existing partner renewals.

The Club invested £93.7m in the playing squad during the 2020 financial year, including existing player contract renegotiations.

Chairman Bruce Buck said: ‘In common with many, many businesses across the globe, the pandemic has had a significant impact on Chelsea’s income but it is a sign of the strength and stability of our financial operation that the company was still able to post a profit in the past financial year. This was done while continuing to invest in our playing staff and indeed had normal football not halted in March, projections show a record profit and record turnover would have been achieved. That would have represented an increase in revenue for a fifth year in succession.

'Despite the impact of COVID, the revenue streams remained strong, our team is developing on the pitch and the Club is in a good position to continue to grow when football is able to operate as it did previously, a time we are all looking forward to.’

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22 hours ago, Jason said:

Chelsea FC plc today announced our annual financial results for the year ended 30 June 2020

https://www.chelseafc.com/en/news/2020/12/31/chelsea-fc-financial-results?cardIndex=0-0

The group turnover figure fell to £407.4m from £446.7m the previous year due to the impact of the COVID-19 pandemic which impacted all revenue streams of the Group. Despite the fall in revenue, the Group recorded a profit of £32.5m for the year ended 30 June 2020, reflecting the Club’s qualification to the Champions League and profits made on a number of player sales during the 2020 financial year. 

The Club continues to comply with UEFA’s break-even criteria under the Financial Fair Play (FFP) regulations.

The impact of COVID-19 on revenue was partially offset by reduced matchday costs due to the postponement of matches in March 2020. However, the club elected not to make use of the government job retention scheme, despite paying the wages of full time and temporary staff who were not required to work, throughout the 2020 financial year.

Without the COVID-19 pandemic and the consequent suspension of normal football activity in March, club projections show a record profit and record turnover would have been achieved, which would have represented an increase in revenue for a fifth year in succession.

Broadcasting and matchday revenues decreased by £17.6m and £12.2m respectively, primarily as a result of the suspension of the 2019/20 season in March 2020. This resulted in the final four home league games of the season and the conclusion of both The FA Cup and Champions League taking place behind closed doors, the majority in the 2021 financial year. There was a complete loss of ticket and other match day revenue for the affected games, due to rebates or credits being provided to supporters. In addition, rebates have been recognised which are due to domestic and overseas broadcasters, this has been proportioned over the number of matches played in season 19/20, therefore an element has been deferred to the 2021 financial year.

Revenue from commercial activities fell by £9.5m, driven by the effects of the closure of non-match day activities in March 2020, as well as decreased pre-season revenue and a decrease in player loan fee income. This was offset by a net increase in sponsorship revenue from new and existing partner renewals.

The Club invested £93.7m in the playing squad during the 2020 financial year, including existing player contract renegotiations.

Chairman Bruce Buck said: ‘In common with many, many businesses across the globe, the pandemic has had a significant impact on Chelsea’s income but it is a sign of the strength and stability of our financial operation that the company was still able to post a profit in the past financial year. This was done while continuing to invest in our playing staff and indeed had normal football not halted in March, projections show a record profit and record turnover would have been achieved. That would have represented an increase in revenue for a fifth year in succession.

'Despite the impact of COVID, the revenue streams remained strong, our team is developing on the pitch and the Club is in a good position to continue to grow when football is able to operate as it did previously, a time we are all looking forward to.’

outfuckingstanding!

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Chelsea Foundation's report 2019/20

Chelsea FOUNDATION ANNUAL REPORT PUBLISHED

 

The Chelsea Foundation’s annual report for the 2019/20 season is now available to view online.

The Blues have one of world sport’s most comprehensive community programmes, all delivered by the Chelsea Foundation, and the new report details all the good work the club’s own charity conducted last season.

The Chelsea Foundation uses the power of football to motivate, educate, inspire, and to support communities and individuals both at home and around the world.

From our charitable and community activities, to our anti-discrimination projects and continued support for former players, the Chelsea Foundation is one of the world’s leading football social responsibility programmes.

On top of our outstanding football development programmes, the Foundation works on a broad range of initiatives focusing on education, employment, social deprivation, crime reduction and much more.

The Foundation’s ongoing work in the community continued as the world faced unprecedented times due to Covid-19.
During the global pandemic, the Chelsea Foundation have been at the forefront of delivery during lockdown, developing a range of innovative programmes to provide education, activities, and wellbeing during these challenging times.
You can learn more about the club’s full Covid response here

As we continue to help those most in need, the Foundation has called on fans to help support our wider communities and increase the number of people helped. You can donate to the Chelsea Foundation programme here

You can now view and download our 2019/20 annual report, as well as previous reports covering all of our corporate social responsibility initiatives since 2005, by visiting the Foundation Annual Reports section.

https://www.chelseafc.com/en/foundation/annual-report

 
 
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ROM RAGE 

Chelsea European Super League exit due to Roman Abramovich feeling ‘livid’ at being ‘blindsided’ by backlash

Chelsea chairman Bruce Buck ultimately led the Blues' exit from the European Super League.

But it was Roman Abramovich's anger that brought the whole house of cards down.

The Chelsea owner is said to have been "blindsided" by the strength of the backlash to Sunday's announcement - and then "livid" that he had been misinformed about the likely reaction.

As the pressure grew, with fans gathering outside Stamford Bridge, Buck urged Abramovich and the club hierarchy to make moves to withdraw from the project.

And the billionaire oligarch agreed, shocked to the core by how quickly everything had fallen apart.

Abramovich and Chelsea started getting cold feet on Sunday when the stunning news about the Super League emerged and football united in its opposition to the breakaway.

 

According to a source, Abramovich "had no idea that there would be such a backlash".

Chelsea fan groups and former players were part of the chorus of disapproval.

And when it became clear that supporters were going to take their protest to Stamford Bridge and shut down Fulham Road, the writing was really on the wall.

Playing legend Petr Cech, now the club's technical and performance advisor, came out of the stadium to beg fans to allow the Chelsea and Brighton team coaches through ahead of the Premier League match.

But by then the Blues were already trying to disentangle themselves from a league that had been formally announced less than 48 hours earlier.

 

 

https://www.thesun.co.uk/sport/football/14713129/Chelsea-abramovich-european-super-league-backlash-buck/

 
 
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Bruce Buck is toast, the PL is going to force him out

the price you pay for being a dumb fuck!!

 

sorry

not sorry

Bruce

💩

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3 hours ago, Vesper said:

Bruce Buck is toast, the PL is going to force him out

the price you pay for being a dumb fuck!!

 

sorry

not sorry

Bruce

💩

In the same way Roman is too well thought of by Chelsea fans to suffer a lasting dip in his popularity due to the ESL flirtation, I think Bruce is too well thought of by Roman to loose his Job. In any case, we don't know where Bruce stood on ESL during the club's internal conversations. 

Edited by OhForAGreavsie
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2 hours ago, MoroccanBlue said:

No I don't see how Buck survives this. Especially once the FA and UEFA gives out the punishment. 

Well, you may be right of course but I think there is big trust in Bruce. We will see.

As for the punishment, I'll believe it when I see it. A significant part of the value of Premier League overseas broadcast rights derives from the fact that people all over the globe want to watch Man Utd & Liverpool plus, to a lesser extent, Arsenal and, to a lesser extent again Chelsea, Man City & Spurs. For the Champions League, add Bayern and the Spanish giants then the story is the same. Albeit that it was designed before the ESL blew up, the new CL format recognises this and already gives the big clubs an easier path to the CL and its money. The current mood of the fans may embolden fifa, uefa, The Premier League 14, The FA, etc, but I think it's more likely they will continue to pander to these clubs than that they will bite the hand that feeds them.

Edited by OhForAGreavsie
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7 hours ago, OhForAGreavsie said:

In the same way Roman is too well thought of by Chelsea fans to suffer a lasting dip in his popularity due to the ESL flirtation, I think Bruce is too well thought of by Roman to loose his Job. In any case, we don't know where Bruce stood on ESL during the club's internal conversations. 

does the EPL have the legal authority to force him out?

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Bruce Buck is one name. He didnt solely decide the Super League was a good idea, a collection of people did at board level. They should all go. 

Also most of that statement is a joke. An absolute joke. “Due to time constraints” fuck off you spineless cunts you’ve been meeting with the other clubs regarding this for years, there has been plenty opportunities to get the fans opinions on it, as a hypothetical idea, same as the players and managers opinions. 

Embarrassing. Changes must be made. 
 

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Such a stupid, pointless, long statement. 

And not even one fucking mention of apology for the fiasco they created.

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