Chelsea have announced their annual financial results for the year ending June 30, 2017, with the club recording their highest-ever turnover figure.
According to an official press release, the club generated £361.3 million in revenues, an increase of over £30 million year-on-year. This resulted in a healthy profit of £15.3 million for the year.
Broadcast revenues – boosted already by virtue of the Blues being crowned champions last term – were particularly strong, on the back of fresh Premier League TV contracts with broadcasters. The club also pointed towards its partnership with training wear partner Carabao as being a driving force behind its positive results.
Despite selling out Stamford Bridge throughout the season, revenues from ticket sales decreased slightly in light of the club’s lack of participation in European competition. However, the club made a profit on player trading of £69.2 million, offsetting its operating loss and ensuring Chelsea comply with the Financial Fair Play regulations.
Chairman thanks fans
Blues 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.”
Buck went on to pay tribute to the “ever-increasing global fanbase” of the club, while stating that he expects revenues to continue to grow in 2017-18 due to Chelsea’s new partnership with Nike as well as the side’s return to Champions League action.