DONE DEAL: Chelsea announce over £100m deal
Chelsea FC Holdings Limited has unveiled its financial results for the 2023/24 season, revealing an impressive pre-tax profit of £128.4 million.
This marks a remarkable recovery after the £90.1 million loss recorded the previous year. The club’s financial success can be largely attributed to a significant increase in profits from player sales and the restructuring of Chelsea Football Club Women Ltd, which now operates with its own dedicated management and commercial leadership.
However, despite this positive financial news, overall revenue dipped to £468.5 million, mainly due to the men’s team’s absence from the Champions League. Still, strong domestic performances, including a sixth-place finish in the Premier League and deep runs in both the FA Cup and League Cup, helped offset the decline by boosting broadcasting revenues.
The women’s team also made a key contribution to the club’s financial health, securing another Women’s Super League title and reaching the UEFA Women’s Champions League semi-finals for the second year in a row, further increasing broadcasting income.
Matchday revenue saw a boost, rising to £80.1 million, with Stamford Bridge maintaining an average attendance of 40,000. The club also experienced a surge in commercial revenue, totalling £225.3 million, driven by non-matchday activities like stadium tours and merchandise sales.
A combination of reduced operational expenses, £152.5 million from player sales, and a £198.7 million profit from the sale of subsidiaries helped Chelsea achieve an overall net profit of £129.6 million after tax, showcasing the club’s strong financial position.