10 months agoChelsea announce record profits and revenue

first_imgTagsTransfersAbout the authorPaul VegasShare the loveHave your say Chelsea announce record profits and revenueby Paul Vegas10 months agoSend to a friendShare the loveChelsea have announced record profits in their latest financial reports.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. last_img

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