Chelsea paid more than £8 million to sack Jose Mourinho and his coaching staff in December 2015, the club’s accounts have shown.
The Blues’ balance sheet for the year end to June 2016 has been made available at Companies House and shows that “termination payments and compensation ... in relation to the changes in the first team management during the year” reached £8.3m in total.
It was made clear that Chelsea had made a loss of £77.6m in the lead up to Christmas. Now it has been revealed the Stamford Bridge side’s decision to prematurely end a sponsorship deal with Adidas to move to Nike accounts for £67m of that cost.
Although the club sold Ramires to Chinese Super League side Jiangsu Suning for a remarkable £25m, and totalled £49m from player sales, they still made a pre-tax loss of £69.8m.
Roman Abramovich, meanwhile, continues to pour his personal fortune into the team, investing £43.3m over the course of the year.
Chelsea have been granted planning permission to reconstruct Stamford Bridge as part of a long-term drive to increase revenue, with the new capacity of the stadium expected to be ¬at around 50,000 - up from 41,940.
Despite the figures, the Blues have continued to invest in their squad this season, with a net transfer loss of around £24m at the time of writing. Although Oscar was sold to Shanghai SIPG for £60m, Chelsea have made big moves for Michy Batshuayi, N’Golo Kante, David Luis and Marcos Alonso since the summer.
On the field, meanwhile, the squad struggled last term, losing their Premier League crown to Leicester City in a tepid fashion, but have shown an ability to bounce back under Antoine Conte, who was appointed as Mourinho’s full-time successor in the summer.
Indeed, with the Portuguese now at Manchester United, it is Chelsea who lead the way in the English top flight, boasting a five-point advantage over Liverpool in second, having enjoyed a 13-game winning streak earlier in the season.
On Saturday, they travel to the King Power Stadium, where they will meet Leicester and seek to strengthen their stranglehold on top spot.