Old Trafford

Next Game

Man Utd v Chelsea

Sunday, 26 October 2014, 16:00

Barclays Prem

Stamford Bridge

Last Game

Chelsea 6 - 0 Maribor

Tuesday, 21 October 2014, 19:45

Champions League Group G

Financial first for Chelsea

Chelsea have made a profit for the first time since Roman Abramovich took over as owner in 2003.

Last Updated: 09/11/12 at 16:30 Post Comment

Roman Abramovic: Chelsea make profit for first time since he bought club

Roman Abramovic: Chelsea make profit for first time since he bought club

Chelsea made £1.4m for the year ended June 30, 2012 with their Champions League campaign playing a major part and the club says it is now also debt free.

The results will be a huge boost to the club's efforts to comply with UEFA's new financial fair play regulations, which will oblige clubs in European competition to break even.

The club also had record group turnover of £255.7m, up from £225.6m.

A Chelsea statement said: "The £1.4m profit contrasts with a loss of £67.7m in the previous financial year and puts the club in a strong position to comply with UEFA financial fair play criteria for the coming seasons.

"The club also enjoyed an uplift in revenues from commercial activities including new partners and merchandising."

The statement added that debt of £166.6m was turned into equity during the course of the year "making Chelsea FC plc debt free".

Chelsea chief executive Ron Gourlay said: "Our club philosophy is built on success. We had that success on the field this year, as we were the first London team to win the UEFA Champions League, and we enjoyed it off the field as well and this helps us inject financial investment into the team.

"The big challenge is always to have a successful team on the field that wins trophies and to make a profit at the same time.

"The objectives have been set across the whole business, from the Academy to Under-21s and all the way through to the first team."

Related News

Most Commented

Readers' Comments

F

ergie, aren't you supposed to make a beep beep noise when backing up like that?

simonthfc
Ferguson: Club made Moyes decision

S

ome of these are quality! Why you no like him F365?? :(

left right out
The, Erm, 'Best' Of Henry James Redknapp

W

e're our own worst enemy. We're suicidal in defence, and we may just get slaughtered on Sunday. Other than that, I am very pleased with my team.

bob the manc
Van Gaal: We can catch Chelsea

Footer 365

Tottenham manager Mauricio Pochettino coy on Jan Vertonghen

Tottenham manager Mauricio Pochettino has denied reports of a rift with star defender Jan Vertonghen.

Olympic Stadium cost soars beyond £600m as LLDC agrees to pay further £35.9m

The London Legacy Development Corporation is to pay a further £35.9m towards the cost of converting the Olympic Stadium.

Liverpool v Real Madrid: Steven Gerrard says Reds must raise their game

Steven Gerrard says Liverpool respect Real Madrid – but won’t let them have things their own way at Anfield.

Mail Box

Do Man City Have A 'Small Mentality'?

That's one claim in the mailbox after Vincent Kompany focused on a few hundred CSKA fans sneaking into the ground instead of City blowing a two-goal lead...

City: Like A Deer Caught In The Headlights

...while Chelsea just live for Champions League nights. That's one view in a mailbox that also includes several happy football fans and looks forward to Michael Carrick's return...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property