The group turnover figure of £329.1m was up by 5% on the £314.3m generated by the club in 2015.
It is understood the Blues incurred ‘exceptional costs following the premature termination of their kit contract with German sport kit manufacturers Adidas as well as the sacking of Jose Mourinho last December whom they paid compensation of almost £5m.
Despite the huge deficit, Chelsea’s matchday revenues remained the same, with Stamford Bridge continuing to sell-out at ticket prices frozen from the 2011/12 campaign and they have made massive shirt sales as well with mouthwatering profits also streaming in from television rights for their participation in domestic and European competitions.
“The fact Chelsea Football Club recorded our highest revenues in a season when on-pitch performance was disappointing is a credit to our hard-working, dedicated staff and the robust business they have helped build,” club chairman Bruce Buck said.
“It has long been our aim for the business to be stable independent of the team’s results and we continue to reinforce that.”
Chelsea, who have won 10 consecutive Premier League matches for the first time since 2005/2006 campaign, currently boss the England top flight division with six points ahead of tomorrow’s game at Crystal Palace.