EPL

Chelsea announce £32.5m profit despite coronavirus

By Sports Desk December 31, 2020

Chelsea announced a profit of £32.5million in their latest financial results despite a fall in revenue because of the coronavirus pandemic.

The London club released their latest figures for the year ending June 30, 2020 on January 31 and revealed a profit even though turnover was hit because of COVID-19.

Turnover had fallen from the £446.7m to £407.4m because of the virus as broadcasting, matchday and commercial revenues all declined in light of the virus.

Chelsea had posted a loss of £96.6m in the previous 12 months but qualification for the Champions League and a number of player sales were noted as the main factors behind the results.

Eden Hazard was the main departure from Stamford Bridge during that period as he joined Real Madrid in a deal that could eventually be worth around £150m.

Blues boss Frank Lampard's spending in the last transfer window – including sizable fees for Timo Werner, Kai Havertz, Ben Chilwell, Hakim Ziyech and Edouard Mendy – were not included in the figures.

Chelsea chairman Bruce Buck told the club's website: "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-19, 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."

Chelsea have been owned by Russian billionaire Roman Abramovich since 2003.

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    Thomas Tuchel is confident Chelsea can close the gap to a Manchester City side he believes are the "benchmark" in European football alongside Bayern Munich for 90 minutes in Saturday's FA Cup semi-final.

    Tuchel has never beaten a side managed by Guardiola during his career, having met the Catalan tactician five times across spells in charge of Mainz and Borussia Dortmund, earning two draws against his opponent's Bayern Munich side.

    Both Chelsea and City are through to the semi-finals of the Champions League but, with the Blues 20 points behind Guardiola's men domestically, Tuchel accepts his team are a long way off the standard set by the Premier League leaders.

    Asked if, having always been an underdog against him in Germany, Tuchel's Chelsea and Guardiola's City can be considered equals at Wembley, Tuchel told a media conference: "Yes and no. We have to accept there is a gap between us and Manchester City.

    "If you look at the fixtures in the Premier League and if you look at the fixtures in the last few years we have to accept this. It's important that we accept it but without making us too small.

    "From day one next season we will hunt them and try to close the gap between us. For me, in Europe, there are two teams who are the benchmark: Bayern Munich and Manchester City.

    "But I know what you're saying of course, he made it impossible for us to beat them with Mainz, I think we had two draws with Dortmund, one ended in the cup final in a penalty loss and we had another draw at home, so we came close, it's time that we beat them, the next try is tomorrow.

    "I don't believe in how big clubs are, are we equal or not? We have to admit that there is a gap but for 90 minutes we are very self-aware and very self-confident that we truly believe we can close the gap for one game, this is the target for tomorrow and I arrive with a team that I'm absolutely happy to arrive, to compete against the benchmark in England and Europe.

    "We don't have the momentum of football on our side. If we want to have this we have to play on our top level, to force things and need a bit of luck.

    "If we manage to beat them it will be a huge boost if not we will have to accept and take it as a challenge and opportunity to grow because we have some fights coming up. It's not only about the FA Cup, it's about the top-four race and the Champions League."

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    "So it was a big, big lesson. At this time I was a coach at the academy and then became a coach at Mainz. Almost every match was a lesson in these days and then later we had the opportunity to play against him.

    "It was not always a pleasure but when you arrive on a certain level it's of course a pleasure to play against him and to meet him and to fight on the highest level."

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  • 17 days in April: A Clasico World Series 17 days in April: A Clasico World Series

    Pep Guardiola had a simple message for the fans after becoming Barcelona head coach in 2008: "Fasten your seatbelts."

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    April 16, 2011: Real Madrid 1-1 Barcelona

    The opening skirmish.

    With Barca leading La Liga by eight points heading into the match, having won 26 and drawn three of their previous 29 top-flight games, few realistically believed a defeat would see them throw away the title. This was more of a warm-up act for what was to come, and the chance for Madrid – and Mourinho – to prove they had learned from the reverse fixture: a 5-0 evisceration at Camp Nou in November.

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    And yet they carried a much greater threat than before: They had more shots than Barca (13-11) and six on target, both the most they managed in any Clasico that term. Even after going a goal and a man down – Messi scoring a penalty after Raul Albiol was sent off for fouling David Villa – they salvaged a point after Ronaldo buried a spot-kick of his own.

    Mourinho was starting to make his mark. Madrid committed 22 fouls, with Pepe accounting for five of them. Only Lassana Diarra conceded more free kicks in any of the four matches. There were seven bookings, five of them for Barca, whose frustrations with the Madrid approach were summed up neatly when Messi booted the ball into the stands. Only three players created more than one goalscoring chance: Xavi, Angel Di Maria… and Pepe.

    For Mourinho, Albiol's red card was key. Although his side snatched a draw, they seemed at the mercy of the Barca circulation machine: 10 of Guardiola's players managed more than 30 passes, including substitute Seydou Keita, while only Sami Khedira (31) did so for Madrid. Xavi, who made 144 on his own, would average 139 per game across the four encounters.

    "Eleven against 10 and it was practically mission impossible," said Mourinho. "Especially against a team that – with possession of the ball – are the best in the world."

    The title race was out of Madrid's hands. However, in a one-off contest, things looked different…

     

    April 20, 2011: Barcelona 0-1 Real Madrid

    "We knew that whoever scored first would win it," said Mourinho. "And so it proved."

    Ronaldo's 42nd goal of the season, a towering header from Di Maria's cross, was enough to decide a cup final spanning 120 gruelling minutes in Valencia. It was Ronaldo and Mourinho's first Madrid trophy, Guardiola's first final defeat, and an end to his dreams of a second treble.

    It was also a doubling-down by Mourinho on his pervading methods. Madrid allowed Barca 79 per cent of the ball with the Catalans' 901 passes nearly four times as many as their opponents managed. Concrete opportunities, again, were scarce: there were just four shots on target each from a total of 27.

    This time, Barca got sucked into the fight. They committed 24 fouls, their most in any Clasico that season, with each side earning three bookings apiece, and Di Maria was sent off in the dying moments. Their more combative approach neither improved Barca's play nor disrupted Madrid further; however, Los Blancos created nine chances in the contest, only one fewer than Barca, despite yielding so much of the possession.

    "Life is like that – you can't always win," Guardiola rued. "We can take them on over two games – we've just done that," goaded Mourinho. And the world waited for what would come next.

    April 27, 2011: Real Madrid 0-2 Barcelona

    The drama started on the eve of the match when Guardiola finally snapped.

    His rant at Mourinho, "the f****** boss," was his most public display of anger, his patience exhausted by his opponent's needling. The final straw had been Mourinho describing Pep as a unique coach "that criticises referees when they get decisions right".

    In that explosive news conference delivered mostly to "Mourinho's camera", Guardiola promised: "Tomorrow, 8.45 p.m., we will take to the field and we will try to play football as best as possible."

    One man certainly did.

    Messi had struggled to exert huge influence in the first two games. He had only one shot on target in the cup final, for instance. He was harried, kicked and crowded out at the Santiago Bernabeu this time, and yet won only two free-kicks as Barca committed more fouls than their opponents for the first time. It seemed Mourinho's mind games were paying off.

    This, perhaps foreshadowed in the pregame build-up involving their managers, was the most ill-tempered, poisonous game of the lot. There were three red cards shown: one to Barca substitute Jose Pinto, one to Pepe for a foul on Dani Alves, and one to Mourinho for his sarcastic praise of the officials. Again, though, Madrid's 10 men looked capable of salvaging a result, until Messi was unleashed at last. His first was a relative tap-in, a close-range finish from Ibrahim Afellay's cross. It is a goal that is easily forgotten due to what came after. Busquets rolled the ball into his path, and Messi was off – away from Diarra, away from Albiol, beyond Marcelo, before squeezing a low finish past Iker Casillas.

    It was his 11th goal in 11 Champions League games, his 52nd of the season, and perhaps the greatest he has ever scored: for the occasion, the speed, the execution, the kicks that failed to stop him.

    May 3, 2011: Barcelona 1-1 Real Madrid

    Everyone, it seemed, felt the tie was already over. Madrid decided to prioritise chasing Barca players over chasing the game, committing 30 fouls for the return of a single shot on target. At least nobody was sent off.

    Gonzalo Higuain thought he had given Madrid the lead, but it was disallowed for a foul by Ronaldo in the build-up. Marcelo cancelled out Pedro's eventual opener, but it was Barca who went through – and Madrid who went apoplectic.

    "We feel tricked by the officials," Casillas said afterwards.

    "Next year, they might as well give the cup to Barcelona," complained Ronaldo.

    Mourinho was facing possible punishment for suggesting referees favoured the Blaugrana, while both teams vowed to make official complaints to UEFA about the other.

    The battle was done, the hostilities over (on the pitch, at least). Crucially, though, the events of these matches hardened Mourinho's resolve. "Now I have more willingness to continue in charge of Real Madrid for what this means," he said. "This jersey is white, and white now has more significance."

     

    The aftermath

    Over those two spectacular weeks, the teams shared two draws and one win apiece. Barca, though, were the victors: a third league title in a row and a second Champions League triumph under Guardiola easily made up for losing the Copa final.

    Mourinho, however, would not lose the war.

    These games, and the 5-4 two-legged Supercopa de Espana defeat in August – one made infamous by Mourinho poking Barca assistant Tito Vilanova in the eye – showed the Portuguese the way to conquer Spain: disrupt Barca and destroy the rest. His players seemed galvanised, and they proved it.

    In 2010-11, Barca finished on 96 points, four ahead of Madrid. Interestingly, they only scored 95 goals to their rivals' 102, while conceding 12 goals fewer. They lost just two games to Madrid's four.

    Mourinho's response was to develop Madrid not into a team impossible to beat, but one that could barely stop winning. Records tumbled in 2011-12: 32 victories from 38 games, 121 goals scored, 100 points accrued. His Faustian pact with Madrid had paid off, but those vitriolic two campaigns took their toll. He has had three times as many job changes as league titles in the decade since.

    Barca also scored more that season: 114 times in the league overall, 50 of which came from Messi. Overall, though, their exceptional standards had slipped just enough. After three intense seasons under Guardiola and the brutality of El Clasico's rivalry, they just couldn't sustain it any longer. At the end of the season, Guardiola announced he was stepping down, admitting: "Four years is an eternity as Barca coach… I have nothing left."

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