Chelsea made a loss of almost £100 million ($130 million) last year despite owner Roman Abramovich pouring nearly a quarter of a billion pounds 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 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. That has since been lifted allowing manager Frank Lampard to invest in the transfer market in January.

Source: The Guardian January 07, 2020 14:03 UTC