Hespress Sports Photo: AFP Hespress – DPA Saturday 13 April 2024 – 17:34
Chelsea’s wage bill rose to more than 400 million pounds ($498 million) last season, which is the second highest wage bill in the English Premier League, according to calculations published by Companies House in London on Saturday.
Chelsea ranked twelfth in last season’s standings, but the club’s wage bill rose by 18% to 404 million pounds, ranking second on the list behind Manchester City, the treble champion, whose wage bill reached 422 million and 900 thousand pounds sterling.
In the first full season under the full leadership of the new owner, Clearlake Capital Alliance, affiliated with billionaire Todd Boyle, Chelsea paid 747 million pounds in the player transfer market until June 30, 2023, and since then the London club has spent 454 million pounds on player transfers.
Chelsea bought players for a total of 592 million pounds, before selling them for 203 million pounds, but the club nevertheless recorded profits of 63 million pounds.
Chelsea recorded losses worth 90 million and 100 thousand pounds sterling before taxes in March, but it witnessed an improvement compared to the previous year, during which it recorded losses worth 121 million and 400 thousand pounds sterling. But Premier League regulations prohibit club losses from exceeding 105 million pounds over a three-year period.
English Premier League Chelsea wages
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