Chelsea Football Club’s decision to hire Graham Potter as head coach in 2022 came at a substantial cost, with the club reportedly paying Brighton & Hove Albion £21 million in compensation . This fee, which also covered the cost of Potter’s backroom staff, ranks among the highest in football history, equalling Bayern Munich’s £21 million outlay for Julian Nagelsmann in 2021.
Potter signed a five-year deal with Chelsea, estimated to be worth between £10-12 million annually . Following a series of disappointing results, including a recent 2-0 loss to Aston Villa, Chelsea decided to sack Potter. The cost of terminating the remainder of his contract is estimated to be around £60 million.
This massive expenditure will undoubtedly go down in football history as one of the most expensive managerial appointments and sackings. Despite the financial implications, Chelsea’s owners remain committed to the club’s success and have already begun the search for a new head coach.
Chelsea’s financial results for the year ended June 30, 2021, showed a group turnover of £434.9 million, up from £407.4 million the previous year . This increase was primarily driven by the club’s Champions League success and amounts carried forward from the extended 2019/20 season. The club’s owners recently raised £800 million in debt to reshape the organization .
With Bruno Saltor taking over as interim head coach, Chelsea’s focus is now on ending the season on a high note, as they compete in the remaining Premier League games and the Champions League quarter-final.