Chelsea announced pre-tax profit of £128.4m thanks to decision to sell women’s team to club’s parent company but such tricks cannot be repeated in face of big transfer bills
Chapeau to Chelsea’s money men but there is a limit to the strategy that has seen them cleverly navigate their way around PSR regulations for the past financial year.
On Monday, the club announced a pre-tax profit of £128.4m for the year ending June 2024 despite a significant fall in revenue as a result of their absence from the Champions League. It followed losses of £90.1m a year previous. But by crediting the “disposal of player registrations” worth £152.5m and the “repositioning” of their women’s team, Chelsea have also confirmed that the transfer spending of the owners’ first two years at Stamford Bridge is simply not sustainable.
In particular the “repositioning” – in other words selling the club’s highly-successful women’s side to itself – cannot be repeated. The full accounts are yet to be published but Chelsea said it had “a profit on disposal of subsidiaries of £198.7m” and the bulk of that has come from BlueCo buying the women’s team.
That follows a similar trick a year earlier when two hotels at…
