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Chelsea reveal huge cost of axing Mourinho

Press Association logoPress Association 13/01/2017 Matt Slater

Sacking Jose Mourinho and his staff in 2015 cost Chelsea STG8.3 million ($A13.5 million), 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 it.

Despite record turnover of STG329.1 million ($A536.4 million) and a STG49 million ($A80 million) profit on player trading, Chelsea still managed to post a STG70.6 million ($A115.1 million) loss.

But 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 STG67 million ($A109 million) 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 STG30 million ($A49 million) a year to the club but the new 15-year deal with Nike, which starts next season, will bring in STG60 million ($A98 million) a year, much closer to the record STG75 million ($A122 million) Manchester United banks every season from Adidas.

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