Skip to main content

Record profit at Chelsea

Roman Abramovich pumped another £63.1m into Chelsea last season despite the club making a record profit, although this was reliant on player sales. Abramovich has put money into Chelsea every year since he became owner in 2003.

Nevertheless, his investment is surprising given that Chelsea made a profit of £62m last season with a record turnover of £443.4m, up £22.7m. The size of Chelsea's debt to Abramovich has now grown to £1.13 billion.

A sign of the times in that Abramovich didn’t pay for his hospitality box in 2017/18 as a hostile London environment to Russian oligarchs resulted in him rarely being seen in London.

The wage bill was up 11 per cent to £244.1m as new players signed on big contracts. This represented an acceptable 55 per cent of turnover. Directors pay more than tripled.

Chelsea spent a net £125m on transfers last summer. Their squad was valued at £843m, up from £445m the previous year.

Kieran Maguire of the PriceofFootball reveals, 'Chelsea financial results shows the club extracted more money per fan over the season (£1,781) than any other club. Arsenal were top in 2017, but lack of Champions League participation means unlikely to leapfrog CFC when Arsenal publish their results (which are late).'

Labels:

Comments

Post a Comment

Popular posts from this blog

It's no deal say Spurs insiders over Taiwanese takeover

Senior figures at Tottenham Hotspur insisted on Friday that they had not been informed of any deal to sell Daniel Levy’s stake in the club. A business group, Eight Sports Capital — which is said to include a billionaire Taiwanese financier — claimed that it had an agreement in place to buy a 24.99 per cent stake in ENIC, the club’s majority owners, from Levy, who owns 29.88 per cent. The Times has been told Ng Wing Fai and Brooklyn Earick form part of the group, having both been linked previously to potential takeovers of the Premier League club. The Taiwanese businessman, Richard Tsai, is also said to be part of the consortium. He is reportedly worth £7 billion.  Last year Earick, the former DJ and tech entrepreneur, was part of an attempted £4.5 billion takeover, which was “unequivocally rejected” by Spurs.  An ENIC spokesperson said: “We can confirm that neither ENIC nor THFC are aware of any sale by Daniel Levy’s Family Trust of its minority stake in ENIC, THFC’...
Post a Comment
Read more

Reports about Charlton sale exaggerated

Reports have appeared in The Guardian and elsewhere that Charlton has been put up for sale. Richard Cawley is an authoritative local journalist who runs a South London Sport substack site.  He reached out to the club yesterday evening to ask for comment on The Guardian’s article. Early indications from the club have been that nothing has changed since the story about them seeking investment, except that it is now a different company doing it. Charlton have since managed to consolidate their place in the Championship, avoiding an instant return to League One, with their women’s side promoted to the WSL, returning to the top flight for the first time since 2007, although staying there is likely to be costly. It would be counter-intuitive for owners Global Football Partners not to progress the club when looking for investment, that the focus remains on driving it forward, that their spend this summer is in line with long-term planning and will see an increase in wages spent on players...
Post a Comment
Read more

Hull City's 'strange' loan

When football finance guru Kieran Maguire seems flashing lights in a club's loan deal, I become concerned.  He is the leading football finance expert in the UK. Hull City have borrowed £55m against their stadium and training ground yet they should get £30m from the Premier League before long.  What is going on? https://www.bbc.co.uk/sport/football/articles/cpwel48y51do
Post a Comment
Read more