Chelsea recorded a pre-tax profit of £ 128.4 million ($ 165.83 million) for the year to end in June 2024, which despite the fall in revenue, for the sale of their women’s team, for their women’s team, the Premier League Club said on Monday.
Benefits, which were also helped by the disposal of player registration, comes after a loss of £ 90.1 million ($ 116.3 million) in June 2023 from last year, which was the first under the consortium ownership led by Tod Bohli.
The women’s team was passed by Chelsea FC Holdings from the consortium of Blueco, Boehly in June last, by removing any damage related to Chelsea women from club accounts, Chelsea Holdings benefited from the amount that Blueco paid.
The profit at settlement of subsidiaries was £ 198.7 million ($ 256.6 million), while the benefit at the disposal of player registration came at £ 152.5 million ($ 197 million).
Chelsea’s overall revenue fell from £ 512.5 million ($ 662 million) to £ 468.5 million ($ 605.2 million) in 2023, which the club said that the men’s team did not compete in the Champions League.
The broadcast receipts of the club increased thanks to his sixth position in the Premier League, as well as a decent cup run, and the operating costs and hikes in revenue on commercial and match days also declined.
The women’s team is the first time in the WSL table this season, while the men’s side is fourth in the Premier League with nine sports to go in the season.
Things went in the opposite direction for Fellow Premier League side Everton, the club reported a loss of £ 53 million ($ 68.44 million) in the 2023–24 season, with the seventh consecutive year in the seventh year. However, the benefits and stability of Everton League will avoid violations of rules.
Even after reporting a reform from the £ 89.1 million deficit recorded last year, Evorton, a total of £ 570 million in the club deficit in the last seven years.
In the last season, Everton was cut for two separate PSR violations for a three-year period, including 2021–22 and 2022-23 campaigns.
In January, the League confirmed that all clubs, including Everton, were financially obedient for the 2023–24 season, and no additional fees would be imposed.
Reuters information was used in this story.
