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Chelsea announce mouth-watering profit

Timothy Aiyeku

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Chelsea fans

West London side Chelsea have on Monday announced club-record revenue of £443.4million to add to the club-high profits of £62m in their 2017-18 financial results.

This remains a boost and an achievement for the Blues team outside the pitch as they now have more funds to boast of and challenge in respect to the winter transfer window.

This is happening at a time when the West London club did not play in the UEFA Champions League but were only relegated to the Europa League which has been a success so far.

The financial prosperity for the Stamford Bridge side as revealed in their financial results on Monday, translates to a 22.7 per cent increase to their revenues from the £361.3m they made in the previous years.

While details were not released, it was learnt that this feat off the pitch is the first of its kind for Chelsea as they have never exceeded £400m in a single 12-month period.

However, aside from the record revenues, the West London side can also boast of finishing their financial year with a club-high profit of £62m after tax from transfer dealings and most especially, from the sale of Nemanja Matic and Diego Costa to Man United and Atletico Madrid respectively.

Timothy Aiyeku is a Mass Communication graduate from the Ahmadu Bello University, Zaria. He is a sports, everything football analyst.