Chelsea's Financial Turnaround: £128.4M Profit Driven by Women's Team Restructuring
Chelsea FC reports £128.4m profit after strategic women's team sale and financial restructuring under new ownership.
Chelsea's Remarkable Financial Rebound
Chelsea FC has announced a pre-tax profit of £128.4m for the fiscal year ending June 2024, marking a dramatic £218.5m swing from their £90.1m loss during Todd Boehly's first full ownership year. The Premier League club's financial revival stems from three key maneuvers:
-
Women's Team Restructuring
- Sold as standalone business (remaining under BlueCo umbrella)
- Part of £198.7m "profit on disposal of subsidiaries"
- Allows continued investment while complying with FFP
-
Player Trading Strategy
- £152.5m from "disposal of player registrations"
- Loan system optimization boosting commercial revenue
-
Creative Accounting Measures
- £76.5m hotel sale to sister company in 2022-23
- Reduces cumulative losses by 45%
Revenue Stream Analysis (2023 vs 2024)
| Category | 2023 (£m) | 2024 (£m) | Change |
|---|---|---|---|
| Total Revenue | 512.5 | 468.5 | -8.6% |
| Commercial | 210.1 | 225.3 | +7.2% |
| Matchday | 76.5 | 80.1 | +4.7% |
PSR Compliance & European Implications
- Avoided Premier League sanctions despite:
- No Champions League revenue
- Lack of front-of-shirt sponsor
- Continued heavy transfer spending
- UEFA's stricter financial rules may still trigger review
The Women's Team Equation The groundbreaking restructuring:
- Maintains Chelsea FC branding
- Creates dedicated investment pipeline
- Sets precedent for WSL financial models
Financial disclosures will be published in full on Companies House later this month.
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