Chelsea announces record £443m revenues

Club-record revenues of £443.4million and club-high profits of £62m were announced by Chelsea on Monday in its 2017-18 financial results.

Chelsea players Eden Hazard, N'Golo Kante and Ross Barkley.   -  Getty Images

Chelsea has announced club-record revenues of £443.4 million for the year ending June 30, 2018.

The club revealed its financial results on Monday, the figures showing it enjoyed a 22.7 per cent increase to its revenues from the previous year, when it made £361.3m.

It is the first time the club has ever managed to exceed £400m in a single 12-month period.

On top of record revenues, Chelsea also finished its financial year with a club-high profit of £62m after tax.

The club confirmed such figures were significantly boosted by the fact it made a £113m profit in the transfer market, helped by selling the likes of Nemanja Matic and Diego Costa. 

"The club has now posted a series of record-breaking revenue figures and our profit margin has increased in consecutive years," Chelsea chairman Bruce Buck told the club's website. 

"This has occurred against a backdrop of varying participation in European football, and different degrees of achievement in the Premier League, which demonstrates we have built a sound business footing to support our on-pitch quest for success."

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