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Chelsea to announce new sponsor

Chelsea have revealed that the club is to announce a new sponsor in two months' time.

Having announced a profit of £1.4 million for the year ending June 2012, the Blues are set to bolster their income with a new sponsor for both Chelsea and the Sauber F1 team.

Chelsea have been in partnership with Sauber since April, and chief executive Ron Gourlay told delegates at the International Football Arena in Zurich: "The first commercial joint venture will be announced in two months' time.

"You are going to see some results of the partnership very soon. We both want to be winners in our field and have the same values. Through our relationship with Sauber, we can go into 19 different markets in one season."

Information from the Press Association was used in this report.

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