Chelsea have officially released their financial accounts for the 2023/24 season, reporting a pre-tax profit of £128.4 million. This marks the end of a three-year period of financial losses for the club.

The club has attributed part of this turnaround to the "repositioning" of the women's team, ensuring dedicated resources and commercial leadership for Chelsea FC Women. Chelsea have also confirmed that they remain compliant with Profitability and Sustainability Rules (PSRs).

Due to the nature of financial reporting, these figures reflect the entirety of Mauricio Pochettino’s tenure as manager, covering the period from 1st July 2023 to 30th June 2024. This includes last summer’s transfer window, during which Chelsea prioritised player sales to improve their financial standing.

Despite these efforts, the club’s overall revenue declined, largely due to the absence of European football at Stamford Bridge. Chelsea also began the season without a front-of-shirt sponsor following the expiration of their £40 million agreement with Three. While Infinite Athlete later secured a partnership, they have since transitioned to a sleeve sponsorship role.

The latest financial results highlight a significant improvement compared to the previous year, when the club recorded a loss of £90.1 million in 2022/23. Chelsea explained that this financial uplift was driven by increased profits from player sales, which will soon be publicly available on the Government’s Companies House website for further scrutiny.

Regarding the women's team, Chelsea stated: "This new approach will ensure Chelsea FC Women have dedicated resources, management, and commercial leadership focused solely on their growth and success."

On the pitch, Chelsea’s financial report noted: "The club’s broadcasting revenue benefitted from an improved sixth-place finish in the Premier League, as well as reaching the semi-finals and final of the FA Cup and League Cup, respectively." The statement also acknowledged that a reduction in operational costs helped to offset revenue losses, leading to a stable operating loss in comparison to the previous year.

The club’s statement concluded: "Commercial revenue grew to £225.3 million, driven by an increase in player loan income and strong non-matchday sales, including stadium tours and merchandise. Lower operating expenses, including matchday and non-matchday costs, profits from player sales totalling £152.5 million, and a profit from the sale of subsidiaries worth £198.7 million, resulted in an overall net profit of £129.6 million after tax."