Chelsea had an overall net loss of 121.3 million pounds for 2021-22 due to"extraordinary expenses and loss of revenue" after sanctions were imposed on previous owner Roman Abramovich, the Premier League club said on Monday.
"During this period, the club was restricted in a number of areas including, but not limited to, its ability to sell matchday and season tickets, sell merchandise, accept event bookings, as well as sign contracts with players and commercial sponsorship partners, which collectively resulted in extraordinary expenses and loss of revenue," Chelsea said.
The club's commercial revenue also increased to 177.1 million pounds thanks to a net increase in sponsorship revenue from new contracts and existing partner renewals.
People that sanctioned they should settle them from the club sales money they froze