Swapping Ancelotti for AVB cost Chelsea massive £30M

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.

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