Frank Lampard Timo Werner Kai Havertz Thiago Silva covid-19 pandemic Coronavirus Frank Lampard Timo Werner Kai Havertz Thiago Silva

Chelsea announce financial results after Covid pandemic and huge summer spending spree

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Chelsea have an announced an overall profit of £32.5million in their latest financial results - despite the club's revenue taking a big hit thanks to the coronavirus pandemic.

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 Covid-19.

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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