Chelsea Reports £128.4m Pre-Tax Profit Despite Revenue Drop

Chelsea Reports £128.4m Pre-Tax Profit Despite Revenue Drop

Chelsea FC has announced a pre-tax profit of £128.4 million for the financial year ending June 2024, marking a significant turnaround from the £90.1 million loss recorded in the previous year under Todd Boehly’s Clearlake Capital ownership.

Key Financial Highlights

• Revenue Decline: Overall revenue fell from £512.5m in 2023 to £468.5m in 2024, mainly due to the club’s absence from the Champions League.
• Player Sales Boost Profits: Chelsea credited the profit increase to £152.5m in player sales, a major factor in balancing the books.
• Women’s Team Restructuring: The club also cited the “repositioning” of the Chelsea Women’s team, which became a standalone business in May 2024 while remaining part of the owners' broader sports portfolio.

Revenue Growth in Key Areas

• Matchday Revenue: Increased from £76.5m to £80.1m, reflecting strong attendance figures.
• Commercial Revenue: Rose from £210.1m to £225.3m, driven by higher player loan income and non-matchday sales.

Despite the drop in overall revenue, Chelsea’s profitability turnaround highlights the club’s efforts in financial restructuring, squad management, and commercial expansion.

As the club aims to return to European football, these financial results could play a crucial role in future squad investments and compliance with financial regulations.