Chelsea announce record turnover and £15.3m profit

Chelsea have announced that the club made a record turnover for the year ending in June 2017, as well as a profit of £15.3 million.

The Premier League champions recorded turnover of £361.3m - up 9.8 per cent from £329.1m in the previous year - despite not taking part in the Champions League last season.

The club said the Premier League's latest contracts with TV broadcasters, as well as revenues rising thanks to Chelsea claiming the title, explained the record turnover.

Chelsea's revenues are expected to rise again for the 2017-18 financial year due to the club's return to the Champions League, plus a major new commercial partnership with Nike.

However, Chelsea's ultimate parent company, Fordstam Limited, reported a consolidated loss of £14.2m for the 2016-17 year.