Chelsea are currently 10th in the Premier League table after a recent uptick in form under manager Graham Potter. theSun theSundaily Abramovich GrahamPotter Chelsea CFC
Russian billionaire Abramovich was sanctioned by the UK government in March last year following Russia’s invasion of Ukraine. REUTERSPIX: Chelsea say government sanctions imposed on former owner Roman Abramovich were a factor in the club's losses of £121.3 million for the 2021/22 season.
The restrictions remained in place until May 30 last year when a new consortium led by American businessman Todd Boehly completed its takeover of the club. The financial results do not cover Chelsea's acquisitions in the past two transfer windows, when they are reported to have spent around £600 million on new players.
Chelsea said they continued to comply with UEFA and Premier League financial regulations despite the losses and the impact of the sanctions.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Soccer-Chelsea post 121.3 million pounds loss, blame sanctions on ex-owner Abramovich(Reuters) - Chelsea had an overall net loss of 121.3 million pounds ($148.65 million) 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.
Read more »
James withdraws from England squad, returns to ChelseaHe played only five minutes against Italy after coming on as a late substitute.
Read more »
Soccer-James withdraws from England squad and returns to Chelsea(Reuters) - England's Reece James has withdrawn from the squad ahead of their European Championship qualifier against Ukraine due to an injury and will return to Chelsea, the team said on Saturday.
Read more »
Tuchel ‘dumbstruck’ by Bayern appointmentThe former Chelsea manager says no contact was made beforehand.
Read more »
Soccer-Man City beat Chelsea to move level with WSL leaders Man UtdMANCHESTER (Reuters) - Manchester City shook up the Women's Super League (WSL) title race with a 2-0 win over reigning champions Chelsea on Sunday to move up to second place behind leaders Manchester United, level on 38 points but behind on goal difference.
Read more »