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🧾 Chelsea FC Holdings Limited has now filed its consolidated accounts for the year ended 30 June 2024 at Companies House:
“The profit for the year before taxation was £128.4m compared with a loss of £90. 1m for the prior year as the club benefitted from increased profit on disposal of player registrations and repositioning of Chelsea Football Club Women Ltd. This new approach will ensure CFCW has dedicated resources, management and commercial leadership solely focused on the growth and success of the women’s team.
“Overall revenue in the year fell to £468.5m due to the men’s team not competing in the Champions League. However, the club’s broadcasting receipts benefitted from an improved sixth-place finish in the Premier League and semi-final and final appearances in the FA Cup and League Cup respectively. There was a decrease in operational costs in the year, to offset the fall in revenue resulting in a stable operating loss in comparison to the previous year.
“The women’s team reached the semi-finals of the UEFA Women’s Champions League for the second consecutive year and were champions of the Women’s Super League to further boost the broadcasting receipts.
“Matchday revenue increased to £80. 1m as an average attendance of approximately 40,000 was maintained, and there were three more women’s team matches held at Stamford Bridge during the year.
“The growth in commercial revenue to £225.3m was driven by an increase in player loan income and strong sales of non-matchday activities, including stadium tours and merchandise sales.
“Decreased operating expenses, including matchday and non-matchday costs, profits on disposal of player registrations of £152.5m and a profit on disposal of subsidiaries of £198.7m, led to the group recording an overall net profit of £129.6m after tax.”
[ChelseaFC]
#CFC #Chelsea #ChelseaFC
“The profit for the year before taxation was £128.4m compared with a loss of £90. 1m for the prior year as the club benefitted from increased profit on disposal of player registrations and repositioning of Chelsea Football Club Women Ltd. This new approach will ensure CFCW has dedicated resources, management and commercial leadership solely focused on the growth and success of the women’s team.
“Overall revenue in the year fell to £468.5m due to the men’s team not competing in the Champions League. However, the club’s broadcasting receipts benefitted from an improved sixth-place finish in the Premier League and semi-final and final appearances in the FA Cup and League Cup respectively. There was a decrease in operational costs in the year, to offset the fall in revenue resulting in a stable operating loss in comparison to the previous year.
“The women’s team reached the semi-finals of the UEFA Women’s Champions League for the second consecutive year and were champions of the Women’s Super League to further boost the broadcasting receipts.
“Matchday revenue increased to £80. 1m as an average attendance of approximately 40,000 was maintained, and there were three more women’s team matches held at Stamford Bridge during the year.
“The growth in commercial revenue to £225.3m was driven by an increase in player loan income and strong sales of non-matchday activities, including stadium tours and merchandise sales.
“Decreased operating expenses, including matchday and non-matchday costs, profits on disposal of player registrations of £152.5m and a profit on disposal of subsidiaries of £198.7m, led to the group recording an overall net profit of £129.6m after tax.”
[ChelseaFC]
#CFC #Chelsea #ChelseaFC
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KRC Genk Technical Director- Dimitri De Condé - to tvlsport - on Chelsea loanee Mike Penders:
“We would like Penders to stay with us for another year. But that doesn’t depend on Genk. It’s from Chelsea.
“The agreement is that he will go to Chelsea next season. Chelsea will see if Mike can play a significant role there next year. I know he wants to play. Chelsea also thinks he should play. So never say never.
“We haven’t talked about it with Mike yet. It is still too early for that. Our focus is now on the play-offs. After the competition, it will quickly become clear which direction it is going.”
(Via bfaesen - HLN Sport)
#CFC #Chelsea #ChelseaFC
“We would like Penders to stay with us for another year. But that doesn’t depend on Genk. It’s from Chelsea.
“The agreement is that he will go to Chelsea next season. Chelsea will see if Mike can play a significant role there next year. I know he wants to play. Chelsea also thinks he should play. So never say never.
“We haven’t talked about it with Mike yet. It is still too early for that. Our focus is now on the play-offs. After the competition, it will quickly become clear which direction it is going.”
(Via bfaesen - HLN Sport)
#CFC #Chelsea #ChelseaFC
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