Chelsea posted a £128.4m profit in 2023-24, largely thanks to selling their women’s team to a sister company for £200m — a move that ensured Premier League compliance but has triggered UEFA scrutiny.
Chelsea’s 2023-24 accounts reveal a pre-tax profit of £128.4m, a major swing from the £90.1m loss the year before, driven by a controversial £198.7m gain from selling the women’s team and other subsidiaries to a related company. This creative accounting ensured compliance with the Premier League’s Profit and Sustainability Rules (PSR), keeping their three-year losses within the £105m limit. However, UEFA — which prohibits such intra-group asset sales — has opened talks with Chelsea after they breached European spending limits.
While the women’s team was valued at £200m, finance experts suggest a more realistic figure would be between £20m and £80m. Chelsea’s actual operating loss was still over £213m, the worst in the Premier League. The club’s huge transfer spending — £1.4bn spent on the current squad — was financed by player sales, intra-group transactions, and large loans. But with UEFA applying stricter rules on amortisation and fair market valuation, Chelsea could face tougher restrictions on future European participation.
