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Profit and higher turnover at Chelsea

Chelsea FC plc have announced their annual financial results for the year ended 30 June 2017 with the club recording our highest ever turnover figure, resulting in a profit for the year of £15.3m. The group turnover figure grew to £361.3m from £329.1m in the previous year, an increase of 9.8 per cent. Broadcasting revenues increased as a result of winning the Premier League title last season, as well as the commencement of the Premier League’s latest contracts with TV broadcasters.

Revenue from Chelsea’s commercial activity also grew following the signing of several partnership deals, most notably with new official training wear partner, Carabao. Stamford Bridge continued to sell out on matchdays and ticket prices remained frozen at 2011/12 levels. However, matchday revenues for 2016/17 fell slightly as a result of the club’s non-participation in UEFA competitions.

Although the club recorded an operating loss in the year, the club reported an overall profit after making a profit on player trading of £69.2m. These results ensure the club continues to comply with UEFA’s break-even criteria under the Financial Fair Play (FFP) regulations.

Overall revenues are expected to continue to grow in 2017/18. These will be powered by the start of the club’s new technical partnership with Nike on 1 July 2017, the biggest commercial deal in the club’s history, and the team’s renewed participation in the UEFA Champions League.

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