Premier League
Chelsea post 121.3 million pounds loss in post Abramovich era
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.
Russian owner Abramovich put the club up for sale in early March last year following Russia’s invasion of Ukraine, which Moscow calls a “special military operation”. UK government sanctions on Abramovich had also complicated the sale process.
Chelsea were not allowed to sell tickets, resulting in a loss of revenue, while their operational spend was also curtailed due to government restrictions until the sale was completed at the end of May.
“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.
“Furthermore, some of these limitations are also expected to have an impact on the financials in the following years due to the long-term impact from restrictions on entering into new contractual arrangements.”
Chelsea said their turnover figure increased to 481.3 million pounds from 434.9 million pounds the previous year mainly due to increased matchday and commercial revenue as fans returned to stadiums after the COVID-19 pandemic.
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.
“The higher revenue was offset by increased operating expenses, including matchday and non-matchday costs that resulted from resumed operations and increased staff costs,” the club added.
“The above contributed to the group recording a loss before player impairments and one-off expenses of 26.6 million pounds for the year ended 30 June 2022, and an overall net loss of 121.3 million pounds.
“Despite the loss in the year and the operating challenges due to the sanctions, the club continues to comply with UEFA and Premier League financial regulations.”
Chelsea were bought by an investment group led by American businessman Todd Boehly and Clearlake Capital, who have invested more than 600 million euros ($645.78 million) in player transfers across two windows.
The club are 10th in the Premier League but also through to the Champions League quarter-finals where they face reigning champions Real Madrid next month.
-Reuters
Thomas Partey, who formerly played for English Premier League soccer club Arsenal, has been charged with rape and sexual assault, London’s Metropolitan Police said on Friday.
Partey, a Ghana international, was charged with five counts of rape and one count of sexual assault, with the charges relating to three women and the offences reported to have taken place between 2021 and 2022, the statement said.
Partey’s management did not immediately respond to a request for comment.
He is due to appear at London’s Westminster Magistrates’ Court on Aug. 5.
Partey, 32, was signed by Arsenal from Atletico Madrid for 50 million euros ($59 million) in October 2020 and became a key member of Arsenal’s first team.
He was first arrested in July 2022, though he was not named at the time and continued to play for Arsenal while investigations were ongoing.
-Reuters
Join the Sports Village Square channel on WhatsApp: https://whatsapp.com/channel/0029Vaz7mEIGk1FxU8YIXb0H
Five players including England forward Marcus Rashford and Argentina winger Alejandro Garnacho have informed Manchester United that they wish to explore a future away from the Premier League side, a club source said on Friday.
Brazilian midfielder Antony, Dutch defender Tyrell Malacia and England international Jadon Sancho are also looking to leave the club, the source added.
Rashford, who has made more than 400 senior appearances for United, has fallen out of favour with manager Ruben Amorim, played for Aston Villa on loan while United had their worst-ever Premier League campaign, finishing 15th in the standings.
Amorim had called Rashford’s work rate into question, saying he would rather put a goalkeeper coach on the bench than a player not giving their all.
Rashford said he was feeling fitter and better since joining Villa, where he scored two goals in 10 league appearances.
United also failed to qualify for the Champions League as they lost the Europa League final 1-0 to Tottenham Hotspur. Garnacho, who was a late substitute in the final, voiced his displeasure on social media after the loss.
“Up until the final, I played every round helping the team, and today I play 20 minutes, I don’t know,” he wrote in a post . “The final will influence (my decision), but the whole season, the situation of the club.”
Sancho was on loan at Chelsea, where he made 31 league appearances last season. Antony, who joined United from Ajax Amsterdam in 2022 for a reported initial transfer fee of more than $100 million, scored five goals in 17 LaLiga appearances on loan at Real Betis.
Malacia joined Dutch side PSV Eindhoven on loan in February.
-Reuters
Join the Sports Village Square channel on WhatsApp: https://whatsapp.com/channel/0029Vaz7mEIGk1FxU8YIXb0H
Manchester United captain Bruno Fernandes turned down the opportunity to join Saudi Pro League side Al-Hilal in order to keep playing “at the highest level”, he said on Tuesday.
The Portuguese midfielder admitted that he had considered the move, which media reports said was worth four times his current salary, after being contacted by Al-Hilal’s president.
“There was that possibility, the president of Al-Hilal called me a month ago to ask me about it,” Fernandes, who is preparing to face Germany with Portugal, told reporters on Tuesday.
“It was a big offer, very ambitious. There was a waiting period for me to think about the future.”
Fernandes ultimately decided to stay at United and said he was motivated by his desire to continue playing at the top level and encouraged by his family and the club’s coach Ruben Amorim.
“I would be willing to do it if Manchester United thought so,” Fernandes added. “I spoke to the coach Ruben Amorim who really tried to talk me out of it. The club said they would not be willing to sell me, only if I wanted to leave.
“I spoke to my wife and family, and she asked me what my personal goals were in my career.
“It would have been easy to move there but I want to keep myself at the highest level, playing in the big competitions and I feel capable of it. I am happy with my decision.”
The 30-year-old Fernandes scored 19 goals and provided 19 assists in 57 appearances across all competitions for United last season, winning the club’s Player of the Year award for the fourth time.
However, it was a season to forget for the team, as they finished 15th in the Premier League, their lowest league finish in half a century, and lost the Europa League final to Tottenham Hotspur.
-Reuters
Join the Sports Village Square channel on WhatsApp: https://whatsapp.com/channel/0029Vaz7mEIGk1FxU8YIXb0H
- OBITUARY3 days ago
BREAKING: Nigerian Goalkeeping Legend Peter Rufai is dead
- Nigerian Football2 days ago
Football Agent John Shittu Demands Retraction and ₦250 Million Damages from Samson Siasia Over Bribery Allegation
- WAFCON1 week ago
Super Falcons Land in Morocco, Eye Historic ‘La Decima’ Women’s AFCON Title
- FEDERATION CUP1 week ago
Kwara United Clinch Historic First Title as President Federation Cup Final Goes to Penalties for the 18th time
- FEDERATION CUP1 week ago
Rivers Angels Crowned 2025 Female Federation Cup Champions After Penalty Shootout Thriller
- OBITUARY2 days ago
Peter Rufai looked lean when I last saw him, says mourning NFF President, Gusau
- OBITUARY2 days ago
Family issues statement on Peter Rufai
- IMMEMORIAL2 days ago
Peter Rufai’s Death Adds to Long List of July Tragedies in Nigerian Football