Palmer’s incredible off-field earnings revealed after he sets up his own company

FOOTIE hotshot Cole Palmer earned £1.6million in a year – ON TOP of his playing wages.

The 22-year-old England star, who became the second-fastest Chelsea star to score 30 goals in the Premier League this week, has seen the money in his image rights company Palmer Management Limited skyrocket.

The Chelsea and England attacking midfielder earns more than £30,000 a week from sponsorship deals.

The windfall comes on top of his Stamford Bridge salary.

Accounts filed this week show he had assets of £2,149,409 at the end of October 2024, up from £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 – signed lucrative sponsorship deals with Nike and fashion brand Boohoo.

Cole founded the company three years ago to manage his off-field revenue, describing it as a “media representation services” company.

After paying the bills, Cole was left with a net worth of £1,271,616.

The star paid £318,421 in corporation tax and a further £189,643 in taxes and social security.

Cole, 22, received a significant pay rise last summer, taking his salary from £80,000 to £130,000 a week, after agreeing a new nine-year contract with the Londoners.

The former City man recently revealed that he dreams of winning the Ballon d'Or and being crowned the best player in the world.

He told the Men In Blazers podcast: “Ballon d'Or, that's what everyone wants to win. I wish.”