Chelsea sales of Diego Costa, Nemanja Matic help fuel record 2018 revenue and profit

Chelsea have announced record revenues of £443.4 million and a post-tax profit of £62m in their financial results for the fiscal year ending June 30, 2018.

It is the first time that the club's revenues have broken the £400m barrier and represents a 22.7 percent increase on last year's figure of £361.3m.

Chelsea's overall profit is thanks in no small part to revenue from player sales for the year of £113m, generated by the departures of Diego Costa, Nemanja Matic, Nathan Ake, Juan Cuadrado, Asmir Begovic, Bertrand Traore, Christian Atsu and Nathaniel Chalobah.

Broadcast revenues for the year also spiked from £41.7m in 2017 to £204.1m, as Chelsea returned to the Champions League after a season-long absence. A new 15-year technical partnership with Nike worth £900m, together with several other commercial agreements, saw commercial revenues grow by £32m.

"The club has now posted a series of record-breaking revenue figures and our profit margin has increased in consecutive years," Chelsea chairman Bruce Buck said.

"This has occurred against a backdrop of varying participation in European football, and different degrees of achievement in the Premier League, which demonstrates we have built a sound business footing to support our on-pitch quest for success.

"With our matchday income steady, despite not finishing in the top four of the Premier League last season, and our global fanbase increasing, we thank our loyal supporters as well as our hard-working staff and valued partners for helping to make a successful financial year."

Chelsea's parent company Fordstam Limited, which is funded by owner Roman Abramovich, also reported a consolidated profit of £24.9m for the year.

The club's next set of financial results, to be released in December 2019, are already shaping up to be more challenging thanks to another season spent outside the Champions League, an increased net transfer spend and the cost of replacing Antonio Conte with Maurizio Sarri.