This is not a straightforward matter as Chelsea has a particularly complex structure with a large number of subsidiaries (see complete list below). Here we focus on the ultimate parent company, Fordstam Limited. The loss for the year to 30 June 2017 was £13.8m compared to a loss of £84.5m for the prior year. Increased revenues and player sales were the principal reasons for the improvement. Turnover increased from £334.6m to a record £367.8m. 'This was due to an increase in the broadcasting revenues because of increased centralised distributions from the Premier League (a £19.5m increase) together with an increase in sponsorship income due to additional agreements being signed in the year (a £17.8m increase), principally the start of our new training wear partnership with Carabao. Match income was slightly down reflecting our non-participation in European competition (a £4.1m reduction).' Broadcasting income accounts for 44 per cent of revenue. Commercial revenue accoun...