In fact, Chelsea actually earned the sixth highest in the Champions League, more than semi-finalists Bayern Munich, because of how the TV market pool works. The football club needs to balance success on the field together with the financial imperatives of this new regime. On the plus side, Chelsea look to be fine on broadcasting and not too bad on match day income, though there is room for improvement in the latter category. As well as the big ticket deals already mentioned, Chelsea have also made extensive use of the loan system with an incredible 35 players currently listed as being out on loan though I may well have lost count. To get an idea of underlying profitability and how much cash is generated, football clubs often look at EBITDA Earnings Before Interest, Depreciation and Amortisation , as this metric strips out player trading and non-cash items. Abramovich puts his money into the club, especially the team, while United and Arsenal have to rely on cash generated from their own operating activities — though they do leave an awful lot of it in their bank account. It is notable how much more money Chelsea make from player sales than their direct rivals, e.
In fact, Chelsea actually earned the sixth highest in the Champions League, more than semi-finalists Bayern Munich, because of how the TV market pool works. The implication is that some of the commercial deals include success clauses, so the lower league place and failure to qualify for Europe bit hard. Although Tottenham, Liverpool and Southampton also generate substantial sums from transfers, this is more understandable, given their revenue shortfalls. However, this is a little misleading, as it is partly a result of the increased player sales. They cover the costs of running the stadium, staging home games, supporting commercial partnerships, travel, medical expenses, insurance, retail costs, etc. Nevertheless, they earned more three clubs finishing above them Southampton, West Ham and Stoke City , as the smaller merit payment was more than offset by higher facility fees for having more games broadcast live. The football club needs to balance success on the field together with the financial imperatives of this new regime. Of course, Chelsea are no strangers to making losses in the Abramovich era, as they have invested substantially to first build a squad capable of winning trophies and then to keep them at the top of the pile. On the plus side, Chelsea look to be fine on broadcasting and not too bad on match day income, though there is room for improvement in the latter category. During the last five years the England U21 international has been loaned out no fewer than six times. This is partly due to their ticket prices, which, according to the BBC Price of Football survey, are the third highest in England, only surpassed by Arsenal and Tottenham. The former manager of Italy is famed for his passion, but also possesses much tactical astuteness, as evidenced by previously leading Juventus to three consecutive Serie A titles. It obviously helps if you have an owner with pockets as deep as Abramovich, but that is no longer enough in a football world full of financial regulations, so Chelsea have had to follow a different path. Although the club argues that this strategy is simply aimed at giving players experience, it is difficult not to believe that this is primarily a money making exercise. After a couple of false starts, including possible moves to Battersea Power Station, Earls Court and White City, the good news is that planning permission has recently been granted by Hammersmith and Fulham borough council to build a new 60, capacity on the Stamford Bridge site. This is because they have used the figure from the holding company, Fordstam Limited. Other expenses exclude wages, depreciation, player amortisation and exceptional items. It has thus become a major revenue differentiator against their domestic rivals with Chelsea earning substantially more than them in this period: The weakening of the Pound since the Brexit vote means that continental clubs will earn much more in Sterling terms, e. To get an idea of underlying profitability and how much cash is generated, football clubs often look at EBITDA Earnings Before Interest, Depreciation and Amortisation , as this metric strips out player trading and non-cash items. Chelsea have no financial debt in the football club, as this has all been converted into equity by issuing new shares. As a technical aside, note that these wage figures have been corrected when they have included exceptional items, e. The club is in discussions with the Football Association to play at Wembley as are Tottenham , but nothing has been decided. The advantage of having a benefactor like Abramovich is demonstrated by the annual interest payments at those clubs: This means that Chelsea were also knocked off the top of this particular league table, with both Manchester clubs now ahead: As well as the big ticket deals already mentioned, Chelsea have also made extensive use of the loan system with an incredible 35 players currently listed as being out on loan though I may well have lost count. It is notable how much more money Chelsea make from player sales than their direct rivals, e.
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