Footballing activities were initially halted due to the emergence of the Covid-19 pandemic. This in turn had negative effects on several club’s financial status as clubs were unable to make profits from ticket sales and TV rights.
However, despite several clubs recording losses, some clubs still found a way to round the effect of the Covid-19 pandemic effect on their finances.
Chelsea is one of the clubs not to be affected by the effect impended by Covid-19 as Chelsea recorded the highest pre-tax profit of any Premier League side in the 2019/2020 season.
Chelsea were in fact one of the only four clubs in the Premier League not to record a loss in the 2019/2020 season as several clubs across Europe had to sell their players in order to avoid liquidation.
Premier League clubs accumulated a loss of almost £1billion in the 2019/2020 campaign with only clubs like Chelsea (£35.7m), Sheffield United (£18.8m), Burnley (£0m) and the then championship side Norwich City (£2.1m) failing to record a loss.
Chelsea’s London rivals Arsenal, Tottenham, Crystal Palace and West Ham all recorded pre-tax losses alongside Chelsea’s top four rivals Liverpool, Manchester United and Manchester City.
Below are the pre-tax profit and loss records of the Premier League clubs back in 2019/2020
Sheffield United: £18.8m
Norwich City: £2.1m
Manchester United: £-20.8m
Newcastle United: £-22.5m
Wolverhampton Wanderers: £-40m
Crystal Palace: £-58m
Brighton & Hove Albion: £-63.9m
West Ham United: £-65.3m
Leicester City: £-67.3m
Tottenham Hotspur: £-67.7m
Aston Villa: £-99.5m
Manchester City: £-125.1m
Chelsea went on to spend big the following campaign as they registered players like Hakim Ziyech, Timo Werner, Ben Chilwell and Kai Havertz for staggering sums. This connotes that Chelsea were literally unaffected by the impact of Covid-19.