Chelsea set to lose massive millions after heavy financial outlay

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Chelsea are the biggest spenders in Europe this summer, as the Blues invested heavily in the squad, despite the financial implications of the coronavirus pandemic.

The Blues will be braced up to lose more and more millions on Matchday revenue this season, unless the UK government reverses its decision to extend the restrictions on fans viewing Premier League matches live at stadiums.

UK Prime Minister, Boris Johnson, confirmed recently that the October planned return of fans to stadiums will not be happening, as the cases of coronavirus recorded in the country continue to spike.

The prime minister also revealed in his announcement, that the restrictions could be around for up to another six months, this now means that Chelsea will have to brace up for more financial losses.

The club has already lost millions in matchday revenue, with matches having been played behind closed doors since the lockdown in March, and the news have further complicated plans of Premier League clubs, who were hopeful of an early return later this year.

Plans were in place to ensure fans return to the stands from October 1, at least in limited numbers. But, it was confirmed on Tuesday, that such plans should be put on hold indefinitely.

The cabinet office minister Michael Gove confirmed on Tuesday morning that the introduction of fans will have to be suspended for now as he said: “We were looking at a staged programme of more people returning – it wasn’t going to be the case that we were going to have stadiums thronged with fans.

“We’re looking at how we can, for the moment, pause that programme, but what we do want to do is to make sure that, as and when circumstances allow, get more people back.

“The virus is less likely to spread outdoors than indoors but again it’s in the nature of major sporting events that there’s a lot of mingling.”

About the Author

VICTOR N
Chelsea is more than just a football club to me; it's a passion I share, and my affinity with the Chelsea badge is one that will last forever. As far as watching my favourite team is concerned, I'd rather miss a meal than miss a Chelsea game.