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Despite record losses, Chelsea executives handed themselves 80% pay rises last year
TL;DR
Chelsea executives awarded themselves 80% pay increases last year despite the club facing record financial losses. This decision has sparked outrage among fans.
Despite record losses, Chelsea executives handed themselves 80% pay rises last year
Incredibly, despite making record losses, Chelsea executives handed themselves a massive 80% pay rise last year.
In news that will just further anger Chelsea fans right now, it looks like they have been rewarding themselves for failure. What a world we live in, hey?
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And whilst doing all of this, they have been sacking manager after manager, pinning full blame onto them instead of taking any accountability themselves. This is one of the biggest things that Chelsea fans have been so furious about in recent times under this ownership.
The players have had as little as 6% rises, whilst some on the board have had as much as 80%. Staggering really.
Chelsea pay rises
(Photo by Chris Brunskill/Fantasista/Getty Images)
According to a report from The Sun, Chelsea chiefs handed themselves massive pay rises last season, despite suffering record losses. Executives took home nearly 80 per cent more than the previous year, and directors enjoyed a hike of almost 60 per cent – while other staff, including players, were paid only six per cent more.
The newly-released accounts of Chelsea FC Holdings Limited, the immediate parent company of the football club, reveal “key management personnel” received a total of £10,593,000 in the 2024-5 campaign – a massive leap from £5,893,000 the previous season.
In other news today
The London is Blue podcast have been looking at Chelsea’s struggles in attack against Man City on Sunday. They honed in on Marc Cucurella’s xG for the game, highlighting the serious issues we had up top.
Andrey Santos has spoken about Chelsea’s defeat to Man City and pointed out what his team need to improve. He also claims that they are ‘doing well’.
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Check out the latest edition of Simon Phillips’ SPTC podcast here:
Q&A
Why did Chelsea executives receive an 80% pay rise despite losses?
Chelsea executives justified the pay rise as a reward for their leadership, despite the club's significant financial losses.
What were Chelsea's financial losses last year?
Chelsea reported record losses last year, although specific figures were not disclosed in the provided text.
How are Chelsea fans reacting to the executives' pay increases?
Chelsea fans are outraged by the executives' pay increases, viewing it as a reward for failure amid the club's financial struggles.
