Cole Palmer’s incredible off-field earnings revealed after Chelsea star sets up his own company to handle sponsor deals
FOOTIE hotshot Cole Palmer made £1.6million in a year – ON TOP of his wages for playing.
The England star, 22, who became the second-quickest Chelsea star to reach 30 Premier League goals this week, has seen cash in his image rights company Palmer Management Limited shoot up.
The Chelsea and England attacking midfielder makes more than £30,000 a week from sponsorship deals.
The windfall comes in addition to his Stamford Bridge salary.
Accounts filed this week show he had assets of £2,149,409 at the end of October 2024 – compared to £563,475 a year earlier.
Assets include £1,698,821 cash in the bank.
They cover the period when Cole – who joined Chelsea from Manchester City in the summer of 2023 – netted lucrative sponsorship deals with Nike and fashion brand Boohoo.
Cole set up the company three years ago to handle his off the pitch earnings, with it described as a “media representation services” company.
After paying bills, Cole was left with net assets of £1,271,616.
The star paid £318,421 corporation tax and a further £189,643 in tax and social security.
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Cole, 22, banked a substantial pay rise over the summer, taking his salary from £80,000 to £130,000 a week, after penning a fresh nine-year deal with the Londoners.
The former City man recently revealed he is dreaming of winning the Ballon d’Or and being crowned the world’s best player.
He told the Men In Blazers podcast: “Ballon d’Or, that’s what everyone wants to win. I wish.”