Chelsea Reports £129.6m Profit After Women's Team Sale

Chelsea Football Club has reported a significant net profit of £128.4 million for the financial year ending June 30, 2024, reversing a loss of £90.1 million from the previous year. This profit was bolstered by the controversial sale of their women's team and other subsidiaries to their parent company, BlueCo, which was valued at approximately £198.7 million. The move has helped Chelsea navigate the Premier League's Profitability and Sustainability Rules, avoiding potential sanctions despite concerns over compliance with UEFA regulations regarding asset sales to sister companies. The club's overall revenue fell to £468.5 million, primarily due to not qualifying for the Champions League, but profits from player sales of £152.5 million contributed to the positive financial outcome. Reactions from fans have been mixed, with some expressing concern over the sustainability of such financial maneuvers. The club has emphasized that the sale will provide dedicated resources and management for the growth of Chelsea FC Women's team.