New Delhi: Chelsea have, by the looks of it, complied with the Premier League’s profitability rules (PSR) through player sales by selling their women’s team to the club’s parent company. Chelsea announced that they had turned last year’s pre-tax loss of an estimated £90.1m into around £128.4m pre-tax profit for the financial year ending on June 30th, 2024.
After years of significant losses, under the management of Clearlake Capital and Todd Boehly, the results were submitted by Chelsea FC Holdings Limited to Companies House. Though Chelsea’s revenue has slipped down to £468.5m after yet another season of not playing the Champions League, the club mentioned that their financial side profited from “increased profit on disposal of player registrations and repositioning of Chelsea Football Club Women Ltd”.
The club further said that “profits” also came from the disposal of player registration of £152.5m and also got profit from the disposal of subsidiaries of £198.7m, which got them an overall net profit of £129.6m post tax.
Chelsea report £128.4m profit after sale of women’s team https://t.co/JNAF6rDvFy
— BBC News (UK) (@BBCNews) April 1, 2025
Chelsea’s parent company, BlueCo 22, predicted during last year’s takeover of the women’s team that the deal would help Chelsea comply with PSR. However, the move has seen backlash from the Premier League regarding fair market value and associated-party transaction rules. The league approved Chelsea selling two hotels at Stamford Bridge to BlueCo 22 for an estimated value of £76.5m last year.
Chelsea have further said that the team’s sale would ensure that CFCW has dedicated management, commercial leadership roles and resources that would just be focused on the growth of the women’s team. The club is currently looking at their sixth Women’s Super League title in a row.
Chelsea men’s team struggle under management
For the men’s team, it has been an unsettling period under Clearlake, who are the major stakeholders, and Boehly. Chelsea have not been featured in the Champions League since the 2022-23 season and have been very active in the transfer market. They have spent more than £1bn on signings, though they have looked to bring profits through outgoings as well.
The sale of their academy talents also aids them, as the money received helps them to register it as profit. The players sold in the financial year were Mason Mount, Ian Maatsen and Christian Pulisic.
Chelsea have acknowledged that not competing in Europe’s top competition has affected their revenue. Due to a sixth-place finish in the Premier League, making an appearance in the Carabao Cup final and FA Cup semi-finals last season, has helped with their broadcasting revenue. A decrease in operational costs also offsets the fall in their overall revenue.
Even though Chelsea is still looking at a potential deal to move from Stamford Bridge to Earl’s Court, match-day revenue increased to £80.1 million. Boehly has hinted that his differences over stadium development with Clearlake could end his uncomfortable partnership with Clearlake.
Chelsea have reportedly made £128.4m profit for the financial year ending on June 30th, 2024, turning last year’s pre-tax loss of around £90.1m. It comes after years of loss under the management of Clearlake Capital and Todd Boehly. Football Sports News: Latest Cricket News, Cricket Live Score, Sports Breaking News from Sports Today
