Chelsea have announced a loss of £71m for the end of the year.

Chelsea have announced a loss of £71million for the year ended June 30, 2016 having incurred ‘exceptional costs.’

The club were down £75.3m with a significant chunk of that as a result of the Blues paying compensation for terminating the club’s contract with adidas early.

Since the financial year, Chelsea announced a new partnership with Nike, the largest commercial deal in the west London club’s history.

The club actually generated a £4.7m profit before incurring costs – including a financial settlement with Jose Mourinho following his dismissal as manager.

Source: http://www.tribalfootball.com/articles/chelsea-announce-71m-loss-after-mourinho-settlement-4159855?utm_source%3Dmediafed%26utm_medium%3Drss-feed%26utm_campaign%3DFeed-Latest%2BArticles%2Bfor%2BChelsea