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Chelsea announce record £443m revenues

By The Rainbow
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Chelsea have announced club-record revenues of £443.4 million for the year ending June 30, 2018.

The club revealed their financial results on Monday, the figures showing they enjoyed a 22.7 per cent increase to their revenues from the previous year, when they made £361.3m.

It is the first time the club have ever managed to exceed £400m in a single 12-month period.

On top of record revenues, Chelsea also finished their financial year with a club-high profit of £62m after tax.

The club confirmed such figures were significantly boosted by the fact they made a £113m profit in the transfer market, helped by selling the likes of Nemanja Matic and Diego Costa.

“The club has now posted a series of record-breaking revenue figures and our profit margin has increased in consecutive years,” Chelsea chairman Bruce Buck told the club’s website.

“This has occurred against a backdrop of varying participation in European football, and different degrees of achievement in the Premier League, which demonstrates we have built a sound business footing to support our on-pitch quest for success.”