CHELSEA ANNOUNCE RECORD HIGHEST EVER TURNOVER FIGURE

Chelsea FC today announced our annual financial results for the year ended 30 June 2017 with the club recording our highest ever turnover figure.

Chelsea’s turnover grew to £361.3 million from £329.1 million in the previous year, an increase of 9.8 per cent. This was thanks to increase in broadcasting revenues as a result of winning the Premier League title last season, as well as the commencement of the Premier League’s latest contracts with TV broadcasters.

Revenue from Chelsea’s commercial activity also grew following the signing of several partnership deals, most notably with our new official training wear partner, Carabao.

Matchday revenues for 2016/17 fell slightly as a result of the club’s non-participation in UEFA competitions.

Chelsea made an overall profit of £15.3 million, largely thanks to the Blues making a profit on player trading of £69.2 million.

These results ensure the club continues to comply with UEFA’s break-even criteria under the Financial Fair Play (FFP) regulations.

Chelsea Chairman Bruce Buck said: “It is very pleasing we matched significant achievement on the pitch in 2016/17 with a successful year commercially. Our business has continued to grow long-term and to be able to post record turnover figures despite not playing Champions League football during that period highlights this strength.

“Our fans played a major part, by supporting the team towards lifting the Premier League trophy, coming to our matches in large numbers, and our ever-increasing global fanbase has helped important commercial partnerships to be formed. We thank our supporters, partners and staff for a successful 2016/17.”

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OTONY
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1 Comment on "CHELSEA ANNOUNCE RECORD HIGHEST EVER TURNOVER FIGURE"

  1. Chelsea cheers up

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