Despite not taking part in the Champions League last season, Chelsea have announced that the club recorded a turnover of £361.3 million or 9.8 per cent in June this year against £329.1 million made same period in the previous year.
The Premier League champions also made £15.3 million profit during the same period.
The club said the Premier League’s latest contracts with TV broadcasters as well as revenues rising thanks to Chelsea claiming the title.
“It is very pleasing we matched significant achievement on the pitch in 2016-17 with a successful year commercially,” chairman Bruce Buck said.
“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.
“Our fans played a major part, by supporting the team towards lifting the Premier League trophy, coming to our matches in large numbers, and our ever-increasing global fanbase has helped important commercial partnerships to be formed. We thank our supporters, partners and staff for a successful 2016-17.”
Chelsea’s revenues are expected to rise again for the 2017-18 financial year due to the club’s return to the Champions League, plus a major new commercial partnership with Nike.
However, Chelsea’s ultimate parent company, Fordstam Limited, reported a consolidated loss of £14.2m for the 2016-17 year.
A club statement said this was “largely due to new stadium planning costs and losses at non-football ancillary businesses.”
Source: Complete Football
