SM
Newcastle vs. West Ham: 1 day 6 mins
Upcoming predictions and previews

Chelsea announce record profit and turnover

:Headline: Chelsea announce record profit and turnover: ID:345608: from db_amp
The Blues turnover was a club record of £443.4million

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 £443.4million 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 Antonio Conte or his coaching 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.

And the club says there was a £8.4m increase in matchday revenues, despite ticket prices being frozen at 2011-12 levels.

Chelsea chairman Bruce Buck said on the club's official website: "The club has now posted a series of record-breaking revenue figures and our profit margin has increased in consecutive years.

"This has occurred against a backdrop of varying participation in European football, and different degrees of achievement in the Premier League, which demonstrates we have built a sound business footing to support our on-pitch quest for success."

Chelsea's financial results for the previous year – until June 30, 2017 – reported a turnover of £361.3m and profit of £15.3m.

The latest figures include the sales of Diego Costa to Atletico Madrid, Nemanja Matic to Manchester United, Nathan Ake to Bournemouth and the permanent transfer of Juan Cuadrado to Juventus.

amp_article__345608 : Database Data restored...  : 
last updated article - 2018-12-31 17:42:29:
html db last update - 2018-12-31 17:42:29 :

ex - 7200 : read : read cache amp html

Click here for more stories about Chelsea

Share this article now:
Read more about Chelsea Off The Pitch
Recommended Next on SM
Premier League Table
TeamPWDLFAGDPTS
1Liverpool1210112481631
2Manchester CityMan City127232217523
3Chelsea126422314922
4Arsenal126422112922
5Brighton & Hove AlbionBrighton126422116522
6Tottenham HotspurSpurs1261527131419
7Nottingham ForestNott'm Forest125431513219
8Aston Villa125431919019
9Newcastle UnitedNewcastle115331311218
10Fulham125341717018
11Brentford125252222017
12Manchester UnitedMan Utd124441313016
13Bournemouth124351617-115
14West Ham UnitedWest Ham113351319-612
15Everton122551017-711
16Leicester CityLeicester122461523-810
17Wolverhampton WanderersWolves122372028-89
18Ipswich TownIpswich121651323-109
19Crystal Palace121561017-78
20Southampton121110924-154
Scroll for more - Tap for full version


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
AL
Sign up for our FREE daily preview newsletter direct to your inbox!

Loading ...

Failed to load data.



. . . . . . . . . . . . . . .