Chelsea Football Club has disclosed in its latest financial accounts that it generated almost £12 million in revenue from the sale of Kingsmeadow stadium to its women's team. This transaction occurred during the year ending June 2025, as detailed in the recently published full accounts.
Financial Details and Transactions
The sale is part of a broader financial restructuring at Chelsea. In 2024, the women's team itself was sold to a subsidiary company, Blueco Midco, for nearly £200 million, which significantly contributed to a profit of £128.4 million in that year's accounts. However, the club also announced Premier League record pre-tax losses of £262.4 million on April 1 for the year ending June 30, 2025.
Related Party Transactions
Within the Chelsea FC Holdings accounts, a payment of £22.6 million from Chelsea FC Women (CFCW) is listed under related party transactions. Sources close to the club have confirmed that approximately £12 million of this amount relates specifically to the sale of Kingsmeadow by CFC Holdings to CFCW. This valuation was independently assessed and approved as fair market value by the Premier League under its associated party transaction (APT) rules, which regulate deals between entities linked to a club's ownership.
Inter-Company Agreements
The remainder of the £22.6 million paid by CFCW, along with an additional £11.3 million recorded as flowing from CFC Holdings to CFCW, is understood to be part of an inter-company agreement established when the women's team was sold to Blueco Midco in 2024. No further details of this agreement were revealed in the Monday publication, but it is notable that the £22.6 million payment exceeds the total revenue of £21.3 million earned by the women's team, as announced by the club on April 1.
Compliance and Historical Context
Despite the record-breaking losses, Chelsea were found to be compliant with the Premier League's profitability and sustainability rules (PSR) for the season ending 2024-25 and for the current campaign. PSR stipulate that losses must not exceed £105 million over a three-year period, but allowances are made for spending on infrastructure, youth development, and women's football, which can be added back to the calculations.
Historically, Chelsea originally purchased Kingsmeadow from the owners of AFC Wimbledon in June 2016 for a reported £2 million. The full accounts for CFCW are expected to be published on the Companies House website later on Monday, providing further insight into the financial dynamics. The club has declined to comment on these developments.
