Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • International
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • International
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
  • Latest
  • Business
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • All Woman
  • Career & Education
  • Environment
  • Webinars
  • More
    • Football
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Classifieds
  • Design Week
Chelsea run a loss despite Abramovich’s hefty input
Chelsea's Italianmidfielder Jorginho(left) celebrates withteammate CesarAzpilicueta afterscoring against Arsenalin their English PremierLeague match at theEmirates Stadium inLondon on December29, 2019. (Photo: AFP)
Football, Oversea's Football Leagues, Sports
January 8, 2020

Chelsea run a loss despite Abramovich’s hefty input

LONDON, United Kingdom (AFP) — Chelsea made a loss of almost £100 million (US$130 million) last year despite owner Roman Abramovich pouring £247 million into the Premier League club, their figures for 2018/19 released on Tuesday show.

Amongst their expenditure was yet another payout to a sacked manager – this time £26.6 million to Italian Antonio Conte.

The 50-year-old – who is now at Inter Milan – had a year left on his contract when he was fired just a season after guiding them to the Premier League title.

“Exceptional items in the current year of £26.6 million relate to changes in respect of the men’s team management and coaching staff, together with associated legal costs,” read Chelsea’s latest set of published accounts, for the year ending June 30, 2019.

The club has spent £90 million in compensation to Conte and his predecessors since Abramovich took over in 2004.

Conte was replaced by compatriot Maurizio Sarri, who left the club for Juventus in the summer of 2019, one year into a three-year contract.

The club also invested £280.6m in their playing squad during 2018-19, with the acquisitions of Kepa Arrizabalaga, Christian Pulisic, Mateo Kovacic and Jorginho all included in their latest figures.

In all Abramovich, who has at times been rumoured to be disenchanted and looking to sell, put in £247 million of his own money over the course of the year – ending in June 2019 – with the club still ending £96.6m in the red.

However, their sale of Belgian playmaker Eden Hazard to Real Madrid for 100 million euros last summer should make the next set of accounts happier reading, especially as the outgoings of the club in the most recent close season were zero, thanks to a transfer ban.

That has since been lifted allowing manager Frank Lampard to invest in the transfer market in January.

{"website":"website"}{"jamaica-observer":"Jamaica Observer"}
img img
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

Barbados to host two-day regional meeting on labour migration programme
Latest News, News, Regional
Barbados to host two-day regional meeting on labour migration programme
July 14, 2025
BRIDGETOWN, Barbados (CMC) — Barbados will from Tuesday host a two-day bi-partite consultation of Caribbean workers’ and employers’ organisations on t...
{"jamaica-observer":"Jamaica Observer"}
Latest News, News
WATCH: Port Antonio rodent baiting begins
July 14, 2025
PORTLAND, Jamaica — The Portland Health Department started the baiting programme at the Errol Flynn Marina on Sunday as promised. According to Samuel ...
{"jamaica-observer":"Jamaica Observer"}
EU blindsided by latest Trump tariff ultimatum
International News, Latest News, News
EU blindsided by latest Trump tariff ultimatum
July 14, 2025
BRUSSELS, Belgium (AFP) — Throughout the week leading up to US President Donald Trump's 30 per cent tariff threat on the EU, European officials and di...
{"jamaica-observer":"Jamaica Observer"}
Man shot dead by police after allegedly killing cousin in Kingston
Latest News, News
Man shot dead by police after allegedly killing cousin in Kingston
July 13, 2025
KINGSTON, Jamaica – A man was shot dead by police after allegedly fatally stabbing his female cousin on Sunday in Rae Town, Kingston. The dead man has...
{"jamaica-observer":"Jamaica Observer"}
West Indies bowled out for 143, trail Australia by 82 runs after first innings
Latest News, Sports
West Indies bowled out for 143, trail Australia by 82 runs after first innings
July 13, 2025
The West Indies will once again have to rely on their bowling attack after seeing the batters falter against Australia just before the dinner break on...
{"jamaica-observer":"Jamaica Observer"}
Sharp increase in attorneys registering on anti-money laundering platform – PIOJ
Latest News, News
Sharp increase in attorneys registering on anti-money laundering platform – PIOJ
July 13, 2025
KINGSTON, Jamaica — A total of 1,018 attorneys were registered on the goAML (anti-money laundering) platform in Jamaica as at December 31, 2024. This ...
{"jamaica-observer":"Jamaica Observer"}
West Indies 73-3 against Australia at break on day two of Sabina Park Test
Latest News, Sports
West Indies 73-3 against Australia at break on day two of Sabina Park Test
July 13, 2025
KINGSTON, Jamaica (AFP) — In reply to Australia’s 225,  West Indies reached 73 for 3 at the first break on day two of the third Test at Sabina Park, t...
{"jamaica-observer":"Jamaica Observer"}
Trinidad top cop orders probe into leak of complainant’s details in sexual assault case
Latest News, Regional
Trinidad top cop orders probe into leak of complainant’s details in sexual assault case
July 13, 2025
PORT OF SPAIN, Trinidad (CMC) – Trinidad’s Commissioner of Police Allister Guevarro has ordered an investigation into the leak of sensitive informatio...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct