Stamford Bridge

Next Game

Chelsea v Swansea

Saturday, 08 August 2015, 15:00

Barclays Prem

Chelsea upbeat despite loss

Chelsea remain confident that they will meet UEFA's Financial Fair Play regulations despite a near £50million loss for the last financial year.

Last Updated: 01/01/14 at 09:15 Post Comment

Bruce Buck: Chairman adamant that trophies remain the priority for Chelsea

Bruce Buck: Chairman adamant that trophies remain the priority for Chelsea

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

The results for the year ending June 30, 2013, show a record £255.8m turnover - the fourth successive year it has increased - despite the club's elimination from the Champions League at the group stage last season.

Chelsea enjoyed a 19 per cent rise in commercial income from £67m to £79.6m as they won the Europa League, although a reduction in income from the success of winning the previous year's Champions League contributed to the £49.4m loss.

Despite that, Jose Mourinho's side will satisfy FFP regulations as the two-year monitoring period includes the £1.4m profit made in the 2011/12 season.

The Blues also see around £15m knocked off their overall loss in add backs, which includes infrastructure costs, youth development costs and charitable donations amongst other outgoings.

That brings Chelsea's losses for the period to approximately £34m, falling under the FFP threshold of £37.5m.

Financial stability

Chelsea chairman Bruce Buck said: "From the very beginning of the current ownership of Chelsea, a long-term objective was financial sustainability, and the subsequent implementation of Financial Fair Play by UEFA and by the Premier League has brought that to the top of the agenda for football clubs.

"We are pleased therefore that we will meet the stipulations set down by UEFA in their first assessment period, and by our own analysis we are progressing from a commercial viewpoint as well as continuing to add trophies to our collection, which we never lose sight of as our most important goal."

The next financial year's results will be boosted by, amongst other things, a new 10-year kit deal worth £300m.

Chief executive Ron Gourlay added: "For Chelsea to achieve a record level of turnover despite our first group-stage elimination from the Champions League shows we have structured our business and are growing in the correct way for long-term stability.

"Our philosophy is we build upon success on the pitch and although in these financial results we haven't repeated the sizeable profits made the previous year from player transfers, we believe the age profile of the existing squad means we will benefit from that investment for many years to come.

"A successful team builds awareness around the world and our increased commercial revenues in 2012/13 and new or extended partnership deals demonstrate we are working hard to capitalise on that."

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

D

on't go to England at your age, you'll either be mugged or not appreciated. Or made to lump the ball long to a bloke who looks like a mascot.

megabrow (cufc)
Beckenbauer warns Schweinsteiger

F

rom the headline I presumed he meant boots, pants, jim-jams, toothbrush and paste, passport, tickets, premier inn long-term package, Scouse-English-Portuguese-German dictionary, 'How to be a 9 and 3/4' by B. Rodgers, few dozen tins of food and Evian because you can never be sure about the local food/water...

KevinBoatang
Firmino has 'everything' for PL - Willian

H

e looked like he was playing with a plastic pound shop ball in the wind against Juve, his passing was so bad.

paddy7s
Sergio Ramos: Exactly What United Need

Footer 365

Marcos Rojo says Angel Di Maria is most talented Man Utd player

Marcos Rojo believes Angel Di Maria is the most talented player at Manchester United and has backed him to show that this season.

Barcelona beat Man City in race to sign Juventus midfielder Paul Pogba

Barcelona have reportedly agreed a £64million deal with Juventus to sign Paul Pogba - with the deal scheduled to go through in the summer of 2016.

Turan future decision due

Atletico Madrid midfielder Arda Turan, who has stated his desire to play in England, will make a decision on his future this week, according to his agent.

Mail Box

Arsenal Only Need Two More (As Ever)

One Chelsea fan still doesn't see Arsenal as title contenders, plus we have thoughts on Petr Cech, Sergio Ramos, Heurelho Gomes, Paulinho and Arsenal Denilson...

Cech To Arsenal Has Been On The Cards For Years

We have happy Arsenal fans regarding their new goalkeeper, plus thoughts on Jose vs Arsene, transfer bulls**t, like-for-like Liverpool, WWC and population pedantry...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company