Chelsea makes huge profit turnover, breaks financial barrier

Chelsea profit

Sales of a prominent player and a return to the Champions League football has made Chelsea Football Club recorded a £443.4 million ($562 million) profit turnover.

The Premier League giants also record a profit increment by 22.7 percent as the they record a £62 million profit for the 2017/2018 season.

Chelsea management made a woping profit OK player sales of £113 million and a run to the Champions League Round of 16 which boosted the TV income by £47.1 million, as matchday revenue also rose by £8.4 million.

English Premier League Fixtures 2018/2019

The club chairman in his recent press release, said “Chelsea 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.”

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.

Europa League highest Goal scorers 2018/2019

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.

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