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3w ago

Chelsea Reports £128.4M Profit After Strategic Asset Sales

The club reversed last year's losses by selling subsidiaries, including the women's team, but may face scrutiny under UEFA's stricter financial rules.

Soccer Football - Conference League - Round of 16 - Second Leg - Chelsea v FC Copenhagen - Stamford Bridge, London, Britain - March 13, 2025 General view of a corner flag inside the stadium before the match REUTERS/Isabel Infantes/File Photo
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Chelsea would assert that their valuation of more than £150million reflects the women’s team’s rising value
Millie Bright, left, and Sam Kerr lift the Women’s Super League trophy in 2023 — the fourth in Chelsea’s run of five consecutive titles

Overview

  • Chelsea recorded a pre-tax profit of £128.4 million for the 2023-24 financial year, reversing a £90.1 million loss from the previous year.
  • The profit was largely driven by £198.7 million from the sale of subsidiaries, including the women's team, to its parent company, BlueCo.
  • The women's team was sold for over £150 million just before the June 30 financial deadline, removing its losses from Chelsea's accounts.
  • Despite the profit, Chelsea's overall revenue fell from £512.5 million to £468.5 million due to the men's team missing the Champions League.
  • While the Premier League's rules allowed these financial maneuvers, UEFA's stricter regulations may challenge their compliance in the future.