New accounts for the west London soccer giants released yesterday evening show that Chelsea is still dependent on the controversial oligarch's fortune to compete at the top of the English Premier League.
In accounts for the year ending June 30, 2019, Chelsea reported losses before tax of $126 million (£96 million) against profits of $78 million (£60 million) the previous year.
Although turnover increased from $588 million (£448 million) to $593 million (£452 million) Chelsea posted a $10 million (£7.3 million) fall in match-day income and a $5 million (£3.9 million) reduction in broadcasting income. The club attributed the fall in revenue to only qualifying for the Europa League, and not the Champions League, the topflight of European football.
While you're here, how about this:
These 3 steps will help you track where your money is going in 2020
Getting a handle on where your money is going in the new year could be key to alleviating anxiety about paying down debt, increasing savings or dealing with unexpected expenses.
More than three-quarters of U.S. adults are experiencing financial stress, according to a new survey by the National Endowment for Financial Education, yet even among those who've made financial resolutions for 2020, only 4 in 10 of them said setting and following a budget is a top goal.
Administrative Coordinator in NJ - Money Diary
How the youngest billionaires in America spend their time and money - Business Insider
Kylie Jenner, the youngest billionaire in the world , spends much of her fortune on new homes, customizing luxury cars , and vacations with her baby daughter, Stormi Webster. Jenner is particularly known for flaunting her wealth on social media , as she did after chartering a $200 million superyacht for her 22nd birthday celebrations.
Behind Jenner, there is Snapchat cofounder Evan Spiegel , who, at 29, is also one of the world's youngest billionaires. Spiegel has taken a more private approach to how he spends his time and money, especially since marrying model Miranda Kerr in 2017.
Many things are taking place:
Bloomberg's Bankrolling Wasn't Just About Campaigns - The Atlantic
Part of Bloomberg's presidential sales pitch is that his personal wealth—he's worth an estimated $56 billion—makes him incorruptible. Not only is he unbribeable; being rich enough to never take political contributions, he can assume office unbeholden to donors. But Bloomberg is so rich that he shifts the direction of potential influence: Donors may not be able to buy influence, but he can use his wealth to push things in the directions he wants.
In short, the money Bloomberg spent in office helped him to be more popular and successful as mayor than he otherwise would have been. Much of this money can't be tracked by the usual means of measuring funds in politics: campaign-finance disclosures.
US Backers Rain Money On Savvy Startups | PYMNTS.com
Despite headline-grabbing startup debacles, U.S. investors are still hot to bankroll up-and-coming companies like challenger bank Chime, The Financial Times (FT) reported on Tuesday (Jan. 7).
In nine months, the valuation for Silicon Valley's Chime grew to four times its original size, with investors offering $1.8 billion when the startup was looking for $500 million in December, a source told FT.
"For the best companies, the money spigot is wide open," Mark Goldberg, a San Francisco-based partner at Index Ventures, told FT. "If it's an obviously top 10 percent company, there's just a huge amount of money being thrown at them by the VC world."
How much money you'd have if you invested $500 a month since 2009
If you started saving $500 a month at the beginning of the decade and put it into a savings account that earned little to no interest, you'd have about $60,000 today.
That might seem like a lot, but that $60,000 wouldn't stretch quite as far today as the same amount would have 10 years ago. And it will be worth even less in another decade. That's because of inflation , which causes prices to rise over time, making money less powerful. While a $20 bill will always be worth $20, what you're able to buy with that amount dwindles.
The Best Way to Save Money and More Financial Advice You Need - VICE
Financial advice should come with an expiry date. Because outdated guidance is like financial sabotage, according to money experts.
Personal finance expert Robin Taub said precarious employment and changing values are why the old financial playbook needs a refresh. "We have a sharing and a gig economy now—meaning there are a lot of people that don't have full-time employment. A lot of freelancers and solopreneurs work for an app like Lyft or Foodora. There's also been a shift in terms of people not feeling like they have to own things like a car or a house," she said.
Happening on Twitter
Billionaire Roman Abramovich has plunged a massive $324 million into Chelsea F.C. despite reportedly having not att… https://t.co/umS09uxW9B Forbes (from New York, NY) Tue Jan 07 16:15:01 +0000 2020
https://t.co/baSBC5Gffj Forbes (from New York, NY) Tue Jan 07 14:25:07 +0000 2020
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