- Chelsea reveal financial results for 2016/17 campaign.
- Turnover increases from £329.1M to £361.3M.
- Chelsea record £15.3M profit for 2016/17.
- READ MORE: Chelsea leading Tottenham in race to sign Premier League midfielder.
Chelsea may have already surrendered their Premier League crown to Manchester City, as well as being handed a tough draw against Barcelona in the Champions League, but it’s not all doom and gloom for the reigning champions.
In recent years Chelsea have worked on making the club become more self-sufficient. Marina Granovskaia has done a great job in negotiating player sales, which have been one of our primary sources of income in seasons gone by, as well as the club making progress on the commercial front.
As Goal report, a combination of these two, and other factors, have resulted in an increase in the club’s turnover. The report reveals that Chelsea’s turnover for the financial year increased from £329.1M to £361.3M, a 9.8% increase on the previous year. It’s also a club-record turnover.
Goal report that Chelsea also recorded a profit of £15.3M for 2016/17, which is commendable considering that we were not playing Champions League football.
The club’s hierarchy are a credit to themselves. Great job!