Chelsea shelled out £30 million to change managers at the end of last season, it has been revealed.
The Telegraph says the decision to replace Carlo Ancelotti with Andre Villas-Boas will be revealed to have cost Chelsea almost £30 million when the club’s annual accounts are filed at Companies House this week.
Almost half of their £67.7 million loss was as a direct result of the compensation that was paid to Porto, Ancelotti and other departing staff as a result of the Villas-Boas appointment.
Although the exact breakdown will not be revealed in the club’s accounts, a total figure of almost £30 million will be listed as costs associated with the change in manager. Around £15 million was paid simply to release Villas-Boas from his Porto contract.