Chelsea report £128.4m profit after buying back women’s team to meet PSR rules
Chelsea have reported a pre-tax profit of £128.4 million for the financial year ending June 30, 2024, largely due to restructuring their women’s team ownership.
The club transferred ownership of Chelsea FC Women Ltd to its parent company, BlueCo 22 Midco Ltd, in a move that reportedly helped them comply with the Premier League’s Profit and Sustainability Rules (PSR).
The valuation of the women’s team, estimated at over £150 million, is believed to have played a key role in preventing a breach of financial regulations.
However, while the strategy appears to align with Premier League guidelines, it may put Chelsea in violation of UEFA’s financial rules.
UEFA does not permit clubs to register revenue from asset sales to affiliated companies, raising questions about potential repercussions in European competitions.
Despite the reported profit, Chelsea’s overall revenue dropped to £468.5 million, attributed to the men’s team missing out on Champions League football.
The club did see a rise in commercial revenue, reaching £225.3 million, boosted by player loan fees, merchandise sales, and stadium activities.
