Chelsea reports a profit following the women’s team’s repositioning

Chelsea announced on Monday that, despite a decline in revenue due to the repositioning of their women’s team, they had a pre-tax profit before taxes of 128.4 million pounds ($165.83 million) for the year that ended in June.

The result, which was also aided by the player registrations sale, follows a 90.1 million pound deficit in the year ending in June of last year, the first under the consortium led by Todd Boehly.

Following the women’s team’s transfer from Chelsea FC Holdings Limited to BlueCo, Boehly’s consortium, in June of last year, Chelsea Holdings benefited from the amount that BlueCo paid and any losses related to Chelsea Women were removed from the club finances.

While the profit on player registrations was 152.5 million pounds, the profit on subsidiary sales was 198.7 million pounds.

Chelsea said that the men’s team’s lack of Champions League competition was the reason for the decline in overall revenue, which went from 512.5 million pounds in 2023 to 468.5 million.

Their sixth-place Premier League result and respectable cup runs helped the club’s broadcasting income, while operational expenses decreased and matchday and commercial revenue grew.