Chelsea’s staggering pay out to Antonio Conte confirmed in club accounts

Chelsea were forced to pay Antonio Conte and his coaching staff a whopping £26.6m after he was sacked in 2018, it has emerged.

The Blues have published their accounts for the year ending June 30, 2019.

And they do not make pretty reading in the case of Conte’s dismissal, despite the fact he only had one year left to run on his contract.

“Exceptional items in the current year of £26.6m relate to changes in respect of the men’s team management and coaching staff, together with associated legal costs,” Chelsea’s accounts read.

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The Italian, who was replaced by fellow countryman Maurizio Sarri, was unhappy with the original settlement after being given the boot, and took legal action against the club.

Chelsea were originally understood to have paid Conte around £9m in compensation in May 2019 after a tribunal ruled in his favour, and the Blues opted not to contest their verdict.

And the recent figure represents a drastic hike in the outlay for Roman Abramovich and co., who has paid more than £90m to fired managers in compensation.

Antonio Conte won the Premier League trophy with Chelsea in his first season in charge
(Image: Reuters)
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The £26.6m total also includes legal costs.

The accounts show that Abramovich invested a grand total of £247m into Chelsea last season, despite not attending a single home game.

The Russian business tycoon had tabled plans for a £1bn redevelopment of Stamford Bridge, but those talks are understood to have been put on hold.

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Chelsea’s chairman Bruce Buck has denied suggestions that Abramovich is looking to sell the club.

And his recent financial backing suggests that he is committed to the club, despite making a post-tax loss of £96.6m.