A return to Champions League football and
prominent player sales allowed Premier
League giants Chelsea to record a record
£443.4 million ($562 million) turnover and £62
million profit for the 2017/18 season, the club
announced on Monday.
Revenue rose 22.7 percent on the previous
season thanks in large part to a profit on
player sales of £113 million and a run to the
Champions League last 16 which boosted TV
income by £47.1 million.
Commercial revenue was up £32 million,
helped by a new Nike kit deal worth a reported
£60 million a year, while matchday revenues
also increased by £8.4 million.
“The club has now posted a series of record-
breaking revenue figures and our profit margin
has increased in consecutive years,†said
chairman Bruce Buck in a statement.
“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.â€
The latest figures for the season ending June
30, 2018 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.
However, the accounts do not include the
severance pay for Antonio Conte or his
coaching staff.
Conte was sacked in July after the Blues’
finished fifth and failed to qualify for this
season’s Champions League.
