Reporting revenue of $524.3 million, Chelsea FC has had a steady roll during last years seasons, winning the 2016-17 Premier League championship. But there is still a lot of hope for this team, after all they have a good boost in revenue from a sponsorship deal with Carabao, a drink firm.
In 1904, Gus Mears managed to purchase the Stamford Bridge athletics stadium. With the intention to turn the stadium into a football ground, Chelsea FC began its debut there, founded in March 1905.
Since the beginning, the club was promoted to the 1st Division in only their 2nd season. From that point they alternated between Divisions in the early years, going from First to Second Division. By 1915, they got into the FA Cup Finals only to lose out to Sheffield United, despite building a reputation of signing up big name players.
Still success eluded them until Arsenal’s Ted Drake stepped away from the team and became Chelsea FC’s manager in 1952. With an overhaul of the team, the team saw success at last in their first major trophy in 1954-55, the League championship. That success was short lived though as shortly after that their successes stifled. Drake was sacked in 1962 and was then replaced by Tommy Docherty.
From there, Docherty built the team off of Drake’s selection of young and amateur league players. By the 1964-65 season, they were on their way to achieve a treble in the League, the League and FA Cup. They got the League Cup, yet were late to the other two.
From there, the team took a turn for the worse through the late 1970’s and early 1980’s. Trouble with finances, losing star players, and even losing the stadium, things were looking bleak. Things started to finally turn around for the team though by 1996 with the appointment of Ruud Gullit. Adding many top international players to the team, the club won the 1997 FA Cup. This gave them the chance to reclaim their title of “one of England’s top sides”.
From this point, the team started to win cup after cup, bringing themselves back up. Over the years, the team had different managers, and with these new managers brought them victories. Gullit was replaced by Gianluca Vialli in 1998. Vialli then brought the team many victories in 1998 and 2000, resulting in the team making an appearance at last in the UEFA Champions League.
There were some stalling points, like when in 2003, Ken Bates (who acquired the team in 1982), sold the team to a Russian billionaire. The billionaire, Roman Abramovich, struggled with getting trophies to the team and was replaced swiftly by José Mourinho, who brought a string of victories.
After years of switching through manager so frequently, it’s clear to see why this team’s success have stalled. Even though they have victories, the shift in leadership can put a hamper on the team. The team is currently being guided under Antonio Conte, who brought Chelsea a sixth English title.