Tuesday, 1 January 2019

Chelsea reveal record profit and turnover

Chelsea have revealed a record profit and turnover in the club's latest published accounts.

The Blues' return to the Champions League in 2017/18 contributed to the turnover growing by 22.7 per cent to £443.4m in the financial results for the year ending June 30, 2018.


And a record-high profit of £62m was achieved, after a profit on player sales of £113m and an increase in broadcast revenues of £162.4m as a result of Chelsea's return to Europe's elite club competition.

The accounts do not include the severance pay for former coach Antonio Conte or his staff.


Conte was sacked in July after the Blues' fifth-placed finish and failure to qualify for the Champions League this season.

Chelsea reported a £32m increase in commercial revenues following several partnership deals, including the kit deal with Nike worth a reported £60m a year.
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