Chelsea‘s huge loss linked to Abramovich sanctions

Chelsea had an overall net loss of £121.3m for 2021-22 due to ‘extraordinary expenses and loss of revenue’ after sanctions were imposed on previous owner Roman Abramovich who put the club up for sale in March 2022. 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.