Friday, 14 November 2014

Chelsea Announces $18.4million Profit

Chelsea has announced a profit of $18.4million for the year ending June 30 2014 as the largest since Russian Oligarch Roman Abramovich took over the club 11 years ago.

Following the club website on Thursday, there was also a record turnover of $319.8million although transfer receipt of around $87million is added from the sale of Juan Mata to Manchester united and David Luiz to Paris St Germain.

However Chelsea claims that with the figure demonstrated they have satisfied  UEFA’s  break- even criteria under the financial fair play regulation(FFP).

“By reaching the champion league semi-final and maintaining a challenge in the premier league until the final week of the season we demonstrated that, while improving our financial figures, we remained competitive in football’s toughest club competition” chairman Bruce Buck said.

“In the era of FFP, we must progress commercially to continue the circle of success to invest in the team and get result”.

The club has admitted in the past that increasing match day income will be difficult unless they can move from Stamford Bridge or increase the ground capacity

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