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Chelsea have released their report for the year ending 30 June, and it showed that the Blues got a loss of £96.6m.
Despite the reported loss, the club insist they are complying with UEFA Financial Fair Play regulations.
After two profitable years, the club has cited heavy expenditure on players, such as goalkeeper Kepa Arrizabalaga and forward Christian Pulisic and last season’s Champions League absence as reasons for the massive loss.
Meanwhile Chelsea chairman Bruce Buck believes that the club remain in a stable financial position and are set to remain so for years to come and that the recent losses won’t affect the club’s transfer ambitions.
“Consistent revenue growth and careful financial management over recent seasons has allowed the club to make significant levels of investment in the playing staff whilst maintaining compliance with UEFA Financial Fair Play regulations,” Buck wrote on the official Chelsea website.
“This has contributed to another Europa League victory at the end of the 2018-19 season and a return to the highest level of European competition.
“This solid commercial foundation, allied to a young and exciting team now led by Frank Lampard, means that the club is well placed to sustain its pursuit of success both on and off the pitch as well as maintain its financial stability over the coming years.”