Political Economy of Football
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Chelsea Football Club Ltd.

Chelsea Football Club traditional shirt

Notes:

Previously the club was part of Chelsea Village plc floated on the Alternative Investment Market (AIM), but after the 2003 close season purchase by Russian billionaire Roman Abramovich the club was de-listed.

Turnover and pre-tax profit figures are in millions and relate to Chelsea FC Ltd except where indicated. * = Chelsea Village plc.

Website: www.chelseafc.com

 

Financial Overview

Year
Turnover
Pre-tax profit
Wages / Turnover ratio (%)
Employees

2007/08

190.082

-70.397

84.5

195

2006/07

165.341

-66.779

74.3

183

2005/06

130.410

-78.297

79.5

160

2004/05

122.657

-132.854

78.6

133

2003/04

118.032

-75.895

 

124

2002/03

75.136

-15.277

 

105

2001/02

75.248

-10.477

63.5

 

2000/01

51.326

-5.962

84.7

 

1999/00*

59.246

2.311

68.6

131

1998/99*

44.076

3.499

56.5

108

1997/98*

37.109

3.067

62.8

105

1996/97*

23.729

-0.513

63.9

99

1995/96*

15.948

-2.045

58.5

104

1994/95

13.500

3.395

44.4

88

1993/94

10.900

-1.362

 

88

1992/93

7.891

 

 

 

 

 

 

 

 

Spectator Numbers since 1994/95

Chelsea Match Attendance figures graph

(domestic league matches only)

Archived Articles on Chelsea FC

The Scolari Sacking - 09/02/2009
The expensive sacking of Luiz Felipe Scolari as Chelsea manager shows just how important the Champions League has become to top Premiership clubs...

Chelsea Deny Sale Reports - 19/01/2009
It was claimed that an emissary of Roman Abramovich had gone to the Middle East seeking potential purchasers...

Abramovich Really Is A Chelsea Fan - 02/11/2008
Roman Abramovich really is a Chelsea fan - and we have a 134-page ruling from Mr Justice Christopher Clarke to prove it...

Chelsea Aim To Reduce Reliance On Benefactor - 26/10/2008
Chelsea chief executive believes that the club will be less dependent on Roman Abramovich next year...

Chelsea's Big Wage Bill - 27/07/2008
Chelsea are bracing themselves for another huge increase in player salaries that could take their annual wage bill close to £150m...

Chelsea's Hollywood Agency Deal - 15/06/2008
The fact that it is the age of celebrity football is emphasised by the deal struck by Chelsea with Creative Agents Agency...

Chelsea Struggle To Meet Break Even Target - 24/02/2008
Chelsea reduced full year losses but only by a small amount. The club admitted that it faced a struggle to meet its goal of breaking even by 2009-10...

Chelsea Poised To Break Into Europe's Top 5 - 11/11/2007
Chelsea are challenging Europe's top clubs on the balance sheet despite their failure to win the Champions League...

Chelsea Link Up With Disney - 15/07/2007
Chelsea have become the 'official professional soccer club of the Walt Disney company'. Although this has led to the inevitable jokes about them being a Mickey Mouse outfit...

Chelsea Losses Down, But Still Lose £80m - 19/02/2007
Chelsea cut their losses by £60m in the financial year to June 2006, but they still lost £80.2m...

Chelsea Go For New Stadium - 11/02/2007
Chelsea have confirmed that they are going for a new super stadium after calling off talks about expanding Stamford Bridge...

Chelsea's plan To Be World Number One - 26/11/2006
Chelsea chief executive Peter Kenyon has outlined the club's plans to be No.1 club in the world by 2014...

Chelsea At Threat From EU Plan - 25/09/2006
Chelsea are the club most likely to be hit by an EU plan, endorsed by sports minister Richard Caborn, to relate a club's expenditure to its turnover...

Chelsea On Course To Be World Number 1 - 30/04/2006
Chelsea are on course with their plan to be number one club in the world, according to chief executive Peter Kenyon...

Chelsea Deal Will Help Club In U.S. Market - 02/04/2006
The stated ambition of Chelsea chief executive Peter Kenyon is 'to turn the world blue' but one major obstacle in the way has been the lack of the club's presence in the US market...

Second Record Loss At Chelsea - 27/01/2006
Chelsea recorded a second record loss for a football team in the year to 30 June 2005 and it was even higher than last year...

Huge Pay Bill At Chelsea - 16/10/2005
Some of Sepp Blatter's comments about a handful of club owners controlling the global game could well apply to Chelsea. The latest accounts for the club suggest that the average employee earns about as much as the boss of a FTSE 250 company. In the year to June 2004 aggregate payroll costs for 124 employees reached £102.5m...

Roman's Windfall A Further Boost For Chelsea - 2/10/2005
Roman Abramovich, already Russia's richest man, has had a good week. The Chelsea owner is estimated to have made £5.1 billion pounds from the sale of Sibneft, the oil group in which he has a substantial stake, to Gazprom...

Regulator Decides No Action Needed On Chelsea Village - 2/10/2005
The Financial Services Authority has concluded what is a rather long 26-month investigation into the 'nature and status of certain' shareholdings in Chelsea Village, former owner of Chelsea Football Club before its takeover by Roman Abramovich in 2003...

Fergie Blasts Chelsea Ticket Prices - 25/09/2005
Chelsea, chastened by their Anderlecht experience, are cutting ticket prices for FA Cup and Carling Cup games, as well as arranging discounts for seniors and juniors for future Champions League fixtures, but this cuts no ice with Sir Alex Ferguson...

The 'Chelsea Effect' On Transfer Market - 09/08/2005
Chelsea's buying power is having an increasing impact on the transfer market in English football...

Chelsea Executive Fans Face Big Price Hike - 17/05/2005
Some executive fans at Chelsea are facing having to pay £6,000 for a seat that cost them £1,750 for the season last year...

Chelsea Aim To Break Even By 2010 - 08/05/2005
Chelsea has been bankrolled by Abramovich to the tune of £500m since he took over in 2003, but the club aims to break even by 2010...

Chelsea Have 3 Million 'Fans' In The UK - 21/02/2005
Three million people in the UK should be crying in their breakfast cereals this morning after Chelsea's exit from the FA Cup at the hands of Newcastle United if we are to believe a survey by SPORT+MARKT...

Chelsea's Record Loss - 30/01/2005
Chelsea, or rather Roman Abramovich, have paid a high price for their likely Premiership crown. The club lost £87.8m in the year to June 2004...

Umbro Hit By Early End To Chelsea Deal - 23/01/2005
Football kit manufacturer Umbro saw its shares fall by nearly 6 per cent on 20 January after it announced the early end of its sponsorship agreement with Chelsea...

Russian Purchase of Chelsea Opens New Chapter in Football Finances - 05/07/2003
The effective acquisition of debt ridden Chelsea by Russian billionnaire Roman Abramovich opens a new chapter in Britain's football finance saga...

Chelsea Confirms Investor Talks - 08/01/2003
Chelsea Village, the holding company behind Chelsea Football Club and its surrounding assets, has confirmed rumours that it is in negotiations to sell a large slug of the company to outside investors...







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