<p>Chelsea recorded a profit of 32.5 million pounds ($44.44 million) in the last financial year despite the economic impact of the Covid-19 pandemic, the Premier League club said.</p>.<p>Chelsea said turnover for the year ended June 30, 2020 was 407.4 million pounds, down from 446.7 million pounds in the previous year.</p>.<p>But the west London club were able to post a profit off the back of their qualification to the Champions League and money made from player sales.</p>.<p>Chelsea sold Belgian winger Eden Hazard to Real Madrid last summer in a deal worth a reported 100 million euros ($122.12 million)and also offloaded Ola Aina, Tomas Kalas and David Luiz among others.</p>.<p>Broadcasting revenues decreased by 17.6 million pounds, while matchday revenues fell 12.2 million pounds due to the suspension of the season.</p>.<p>But the impact of the pandemic was partially offset by reduced matchday costs due to the postponement of fixtures.</p>.<p>Chelsea also said they were on track to post a record profit and record turnover had the pandemic not hit their finances.</p>.<p>"In common with many businesses, the pandemic has had a significant impact on Chelsea's income but it is a sign of the strength and stability of our financial operation that the company was still able to post a profit," Chairman Bruce Buck said.</p>.<p>"Despite the impact of Covid, the revenue streams remained strong, our team is developing on the pitch and the club is in a good position to continue to grow when football is able to operate as it did previously."</p>.<p>Chelsea, who are sixth in the table with 26 points from 16 games, host Manchester City on Sunday.</p>
<p>Chelsea recorded a profit of 32.5 million pounds ($44.44 million) in the last financial year despite the economic impact of the Covid-19 pandemic, the Premier League club said.</p>.<p>Chelsea said turnover for the year ended June 30, 2020 was 407.4 million pounds, down from 446.7 million pounds in the previous year.</p>.<p>But the west London club were able to post a profit off the back of their qualification to the Champions League and money made from player sales.</p>.<p>Chelsea sold Belgian winger Eden Hazard to Real Madrid last summer in a deal worth a reported 100 million euros ($122.12 million)and also offloaded Ola Aina, Tomas Kalas and David Luiz among others.</p>.<p>Broadcasting revenues decreased by 17.6 million pounds, while matchday revenues fell 12.2 million pounds due to the suspension of the season.</p>.<p>But the impact of the pandemic was partially offset by reduced matchday costs due to the postponement of fixtures.</p>.<p>Chelsea also said they were on track to post a record profit and record turnover had the pandemic not hit their finances.</p>.<p>"In common with many businesses, the pandemic has had a significant impact on Chelsea's income but it is a sign of the strength and stability of our financial operation that the company was still able to post a profit," Chairman Bruce Buck said.</p>.<p>"Despite the impact of Covid, the revenue streams remained strong, our team is developing on the pitch and the club is in a good position to continue to grow when football is able to operate as it did previously."</p>.<p>Chelsea, who are sixth in the table with 26 points from 16 games, host Manchester City on Sunday.</p>