Chelsea's Clear-Out Results in Loss of 5.4 Million Euros

Chelsea
(source:REUTERS/HANNAH MCKAY)
Chelsea has incurred a loss of approximately 5.4 million euros  after selling several key players ahead of the new season. The club underwent a clear-out of players following a disappointing season, with The Blues offloading a number of players to other clubs.

The first player to be sold was Mateo Kovacic, who made his way to Manchester City for a transfer fee of 29 million euros. This move proved to be a loss for Chelsea as they had acquired Kovacic from Real Madrid in 2019 for a transfer fee of 45 million euros.

A similar loss was experienced when Kai Havertz was transferred to Arsenal for a fee of 70 million euros. West London's team incurred a loss of 10 million euros as they had initially paid 80 million euros to acquire him from Bayer Leverkusen.

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The extent of the losses increased with the departures of Edouard Mendy, Kalidou Koulibaly, Cesar Azpilicueta, and N'Golo Kante. The latter two players left Chelsea as their contracts expired.

While Chelsea did make profits from the transfers of Mason Mount to Manchester United and Ruben Loftus-Cheek to AC Milan, earning around 85 million euros, these earnings were insufficient to cover the losses. Mount, in particular, was sold for a price of 69.7 million euros.

However, despite the revenue generated from these player sales, it still couldn't offset the losses. Chelsea's financial situation remains negative when considering the initial prices paid to acquire the players who have now been sold.

Calculating the difference between the prices at which these players were brought in and subsequently sold, Chelsea incurred a loss of approximately 90.7 million euros, excluding the income from the Mount and Loftus-Cheek transfers.

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Therefore, Chelsea did not experience a surplus from the departure of these eight players. Instead, the club incurred a loss of 5.4 million euros as a result of their decision to offload these players.

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