Chelsea directors and executives see pay rise 80% as club hit by record losses and struggles on the pitch

Chelsea’s spending on the club’s directors and executives increased by almost 80% last year according to the latest club accounts. 

Chelsea have released their accounts for last season, which has meant lots of very clever people poring over the numbers to find out where the Blues are going wrong.

One thing that is very notable is a vast increase in the spending on wages for the “key management personnel,” that is the executives and other suits, and potentially the sporting directors too.

Chelsea boost executive spending by almost 80%

Despite a lack of success commercially – see the lack of shirt sponsor – the amount spent on these people went from £5.9m to £10.6m. Club directors of Chelsea FC holdings went from £2.2m to £3.5m. Club president Jason Gannon had a boost of almost 25% to £2.1m, despite the Blues’ poor year.

The Sun attribute these rising costs in part to “an increase in the number of executive personnel.” Well that’s great news. What we all want is more money being spent on suits.

BlueCo have now lost £1.7 billion since taking over in 2022. The team are on the verge of missing out on the Champions League places this season.

The stunning numbers from Chelsea’s accounts also show the new ownership are making a mess of things off the pitch in terms of player sales, most of which are being spent on paying for those same players.

Marc Cucurella had most of our xG against Man City, a sure sign things aren’t going well.