Chelsea have released their latest financial figures and it shows that owner Roman Abramovich invested £247m into the owner but that didn’t stop the Blues’ accounts from ending in red after recording £96.6m in losses.
The compensation package handed to Inter Milan manager played a big part in the loss recorded at Chelsea for their latest financial figures.
Antonio Conte and his backroom team were paid £26.6m as compensation after they were sacked in 2018.
The Italian manager had one year left on his Chelsea contract but that didn’t stop the club from sacking him after the Blues finished outside the Champions League places at the end of the 2017/18 Premier League campaign.
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Chelsea finished fifth that season in what was the second campaign under Conte.
Both Antonio Conte and Chelsea took the matter of his dismissal to the Premier League before the matter was settled.
In the end, Chelsea agreed to pay him and his staffs £26.6 thus taking the entire compensation paid by the Blues to £90m for managers they have sacked especially since the Roman Abramovich era started in 2003.
Maurizio Sarri replaced his compatriot Antonio Conte as the Chelsea manager in the summer of 2018 and led them back into the Champions League in his first and only season at the club.