EPL 2016/17: Chelsea's financial loss on missing out on the Champions League revealed
West London super-giants Chelsea have missed out on a staggering €65m qualification bonus by missing out on Champions League qualification for this season. The UEFA revealed these numbers after they put out a list of financial documents that read the television money each club earned from last season with the approximates for this term.
Chelsea went into last season as the reigning champions and just didn't click under manager Jose Mourinho, with Hiddink brought back to the club to steady the ship, as they finished in a surprising tenth, not just missing out on the premier European club competition but the Europa League as well.
The club lost out on two N’Golo Kante’s in terms of money, due to the club's terrible tenth place finish which resulted in a large financial loss for Chelsea.
Also read: EPL 2016/17: Bertrand Traore hits out at Chelsea for sending him out on loan
However, the Blues just wrapped up two massive commercial deals with Nike worth €60m and Yokohama Tyres worth €40m balancing their expensive spree in the summer with the acquisitions of Kante, Luiz and Alonso to name a few coupled with the loss of television revenue.
Although the club isn't in financial peril, the staggering loss of income comes after Chelsea topped the earnings from television revenue for English clubs for five consecutive seasons.
Manchester City could change that statistic towards their favour due to Chelsea's failure to qualify for Europe, the first time since Roman Abramovich took charge of the club.
In a shocking Premier League campaign last season that saw Leicester crowned champions, Chelsea endured the pain of missing out on Europe to London rivals in Arsenal and Tottenham, with City completing the top four.
Since Chelsea’s dismal last campaign, Antonio Conte has come into the club and resettled them somewhat as they currently sit in fourth place with four wins on the bounce in the league. Conte’s arrival at the club has brought stability at the back with his shift to the back three and aggression all over the field for the entirety of the ninety minutes.
Conte and Chelsea, given a minimum goal of reaching the Champions League by Russian owner Roman Abramovich, get set to welcome an excellent Everton side under Ronald Koeman.
The Toffees have had a brilliant start to the season as they look to put a dent in Chelsea’s Champions League hopes and increase their chances of breaking into the top four, in what could be an equally enthralling season as compared to the last one.
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