Chelsea’s high cost of failure
Sacking Jose Mourinho and his staff in 2015 cost Chelsea £8.3million – about a third of what the club had to pay out when he left Stamford Bridge the first time in 2007.
The 2015 figure is revealed in the club’s full accounts for the 2015-16 season, a disastrous campaign on the field for the 2014-15 Premier League champions and an expensive one off the field. Despite record turnover of £329.1million and a £49million profit on player trading, Chelsea still managed to post a £70.6million loss.
While there is no arguing that a 10th-place finish in the Premier League, and no cup success, amounts to failure for the first team, Chelsea’s apparent financial under-performance is a little misleading. The reason for this is that the club paid kit supplier Adidas £67million in compensation for cancelling a 10-year deal six years early, so it could sign a much better deal with Nike.
The Adidas contract was worth about £30million a year to the club but the new 15-year deal with Nike, which starts next season, will bring in £60 million a year.
Jose Mourinho: Contrast with Jurgen Klopp