English Premiership

Mourinho exit to hit Chelsea finances

2015-12-18 19:24
Jose Mourinho (AFP)

London - Jose Mourinho's departure from Chelsea will have a financial impact on the club even though it is too early in the season to count the costs of a possible relegation, experts said on Friday.

"Of course it will affect the balance sheet," said Giambattista Rossi, an expert at the Birkbeck Sport Business Centre in London.

Mourinho will reportedly get a pay-out of between £9.7m-£12m - a sum of little significance to Chelsea's billionaire owner, Russian oligarch Roman Abramovich.

But Rossi said any new manager will also need cash on the table to change players and the cost of a planned new 60 000-seat stadium on the club's Stamford Bridge site has to be factored in.

"Every time you change a manager in the UK, you need to give him the power to change the squad," Rossi said.

"Probably in the next years financially they will have some concerns."

The expert said tensions in the dressing room were so bad that Abramovich faced a choice between sacking Mourinho or 11 players.

"The easy decision is to change Mourinho," he said.

"A player like Diego Costa has strong market value. Next year if Mourinho was still in the club, he would have been sold for nothing," he added.

Chelsea are unlikely to qualify for next season's Champions League, which will also have a significant impact on revenues, said Rossi.

Manchester United's revenues fell by 8.8 percent - or 52 million - between June 2014 and June 2015 because of their failure to qualify for the competition.

Chelsea, champions in May by an eight-point margin, have been sucked into a potential relegation battle after losing nine of their first 16 games.

Wyn Grant, an expert in football business at Warwick University, central England, said Chelsea's poor performance this season had hit revenues.

"There are financial implications in that corporate sales were dipping. Also a lower place in the table means less revenue," he said.

"Boosting corporate hospitality income is a key part of the club's plans for the redevelopment of Stamford Bridge," he added.

Chelsea last month announced it had made a loss of £23.1 million last season.

The west London club also announced annual revenues of £314.3m, marginally down on the 2013-14 high of £319.8m.

The dip in revenues was attributed to Chelsea's exit in the first knockout round of the Champions League to Paris Saint-Germain, following their run to the semi-finals the previous season.

According to the most recent figures compiled by Deloitte, the club generated 85 million in match-day revenue in the 2013-14 season in its current 41 798 capacity stadium.

In comparison, London rivals Arsenal, whose Emirates Stadium holds 60 260, raised 120 million, while Manchester United, who can fit 75 653 people in at Old Trafford, generated 129 million.


What To Read Next


Read News24’s Comments Policy

Live Video Streaming
Video Highlights
Sport Talk

Tuesday, 12 December 2017
Burnley v Stoke City, Turf Moor 21:45
Crystal Palace v Watford, Selhurst Park 22:00
Huddersfield Town v Chelsea, The John Smith's Stadium 22:00
Wednesday, 13 December 2017
Swansea City v Manchester City, Liberty Stadium 21:45
Newcastle United v Everton, St. James' Park 21:45
Southampton v Leicester City, St. Mary's Stadium 21:45
Liverpool v West Bromwich Albion, Anfield 22:00
West Ham United v Arsenal, London Stadium 22:00
Manchester United v AFC Bournemouth, Old Trafford 22:00
Tottenham Hotspur v Brighton & Hove Albion, Wembley Stadium 22:00
Saturday, 16 December 2017
Leicester City v Crystal Palace, King Power Stadium 14:30
Stoke City v West Ham United, Bet365 Stadium 17:00
Arsenal v Newcastle United, Emirates Stadium 17:00
Chelsea v Southampton, Stamford Bridge 17:00
Brighton & Hove Albion v Burnley, The American Express Community Stadium 17:00
Watford v Huddersfield Town, Vicarage Road Stadium 17:00
Manchester City v Tottenham Hotspur, Etihad Stadium 19:30
Team P W PTS
Previous Results

Date Home Team Result Away Team

Who will claim the Premier League title at the end of the 2017/18 season?

Love 2 Meet
English Premiership flutter

Take Sport24's "expert" tips at your peril...

Sport24 on Twitter

Follow Sport24 news on Twitter


The 2017/18 Absa Premiership season is under way. Can Bidvest Wits defend their title? Will Soweto giants Kaizer Chiefs or Orlando Pirates emerge victorious? Or will the bookies' favourites, Mamelodi Sundowns, taste success for a record eighth time? Stay glued to Sport24 to find out!

Latest blogs

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

There are new stories on the homepage. Click here to see them.