Chelsea wages below City's

Chelsea have been overtaken by Manchester City as the biggest payers in the Premier League, the Stamford Bridge club's accounts have confirmed.

Last Updated: 09/01/13 at 19:55 Post Comment

Stamford Bridge: Club no longer the biggest payers in the Premier League

Stamford Bridge: Club no longer the biggest payers in the Premier League

The overall wages paid out by the Blues in the Champions League-winning year ending June 2012 actually fell by £18million to £171million - compared to Manchester City who saw their wages break through the £200million barrier.

Chelsea announced last year they had made a profit of £1.4million - the first time they had finished in the black in the Roman Abramovich era.

The accounts also reveal that, aided by some one-off items, Chelsea also achieved a wage bill reduction for the first time since Abramovich took over in July 2003.

It reflects a big effort by the club to trim costs in their bid to comply with UEFA's financial fair play rules.

The numbers of playing and coaching staff dropped by 89 in 2011 to 69 in 2012 but Chelsea's wage bill is still ahead of Manchester United's £160million total by £11million.

The exceptional items in 2011 included a one-off £6.4million payment to the taxman as part of a deal on image rights, and money paid to former manager Carlo Ancelotti and his coaching team.

Those payments stopped after Ancelotti was hired by Paris St Germain and led to a credit of £4.7million into Chelsea's accounts from money they had set aside to cover those costs.

Alan Shaw, Chelsea's club secretary said in a statement published in the accounts: "The introduction of the UEFA financial fair play regulations from the 2012/13 season provides a significant challenge.

"The football club needs to balance success on the field together with financial imperatives of this new regime.

"The results recorded in this financial year put us in a good position to meet the assessment criteria for the initial periods."

Related News

Most Commented

Readers' Comments

I

think Finnegans Wake would have been a better reference point than Ulysses. Far more rambling and incomprehensible.

debra2927
Football People On TV: Garth Crooks

I

f I recall correctly, Degsy predicted a 100/1 shot correctly the week after his 150/1 Blackpool 4 - 3 Bolton call. I stuck a fiver on it as an idle bet. Paid for a stag do in Munich. Heady days...

baldini
Backing Hull To Beat United 2-1...

R

odgers prefers Joe Allen to Lucas? If this is true then I'm setting aside a fortnight to finally learn the rules of American Football and I'll give up on real football.

godzilla
The Jammy Gossip

Footer 365

Gary Neville: Liverpool are in danger of becoming a provincial club

Liverpool are stuck in the mud and in danger of becoming a provincial club, according to Gary Neville.

Emmanuel Adebayor's Tottenham future to be talked over after season

Mauricio Pochettino says no decision has yet been made over striker Emmanuel Adebayor's future at White Hart Lane.

Mauricio Pochettino keen Harry Kane has rest before next season

Mauricio Pochettino is hopeful Harry Kane will not be overworked this summer and affect his plans for the early part of next season.

Mail Box

Only One Real Manager Of The Year

Winning the Premier League with the best squad in the Premier League is only par; Ronald Koeman did a whole lot better. Plus, the last word on Raheem and...

Don't Slate Sterling For Ambition...

Raheem Sterling deserves credit for his desire to quit Liverpool, according to one mailboxer. Also: why football should not be compared to business and Degsy's latest spot of bother...

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