Chelsea announce an overall  profit of £32.5m 

Chelsea have announced an overall profit of £32.5million in their latest financial results – despite the club’s revenue taking a big hit thanks to the UK government’s lockdown.

The Stamford Bridge side splashed out a staggering outlay of more than £200million in the summer transfer window, while other clubs struggled amid the financial impact of the UK government’s reaction to the coronavirus.

Manager Frank Lampard signed the likes of Kai Havertz, Timo Werner, Ben Chilwell, Hakim Ziyech, Edouard Mendy and Thiago Silva in the hopes of fuelling a Premier League title challenge this term.

Much of that spending came after the cut-off point for the latest financial results, which quoted £93.7m spent on the playing squad in the year ending June 30.

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But Chelsea’s figures are still impressive given that turnover was reduced from £446.7m to £407.4m as a result of the lockdown.

The west London club also made money from selling several players – including Eden Hazard, who joined Real Madrid in the summer of 2019 in a deal which could be worth up to £130m.

Chelsea have also offloaded Alvaro Morata, Mario Palasic, David Luiz, Ola Aina, Tomas Kalas, Michael Hector and Kenneth Omeruo on permanent transfers.