Previous
Mouscron-Peruwelz
Club Brugge
7:30 PM GMT
Game Details
Hellas Verona
Lazio
7:45 PM GMT
Game Details
São Paulo
Emelec
10:15 PM GMT
Leg 1
Game Details
New York Red Bulls
Sporting Kansas City
ESPN2 12:00 AM GMT
Game Details
Boca Juniors
Cerro Porteño
12:30 AM GMT
Leg 1
Game Details
Next

Osman: Time to forgive Moyes

Everton 20 hours ago
Read
ESPN FC  By ESPN staff
Jan 10, 2014

Chelsea announce £49.4m loss

Chelsea have revealed they made a loss of 49.4 million pounds ($81.37 million) in the year ending on June 30, 2013.

A group of Chelsea fans have owned Stamford Bridge since 1997
Matchday revenue at Stamford Bridge fell by seven million pounds.

• Lythell: 'Boring' tag unfair
• Coupet wants Hazard at PSG
Cox: Mata's troubles
Premier Fantasy: New game

A year earlier, the Blues had recorded a profit (of 1.4 million pounds) for the first time in the Roman Abramovich era, a result that was borne out of a desire to come in line with UEFA’s financial fair play (FFP) rules.

However, a failure to advance from the Champions League group stage last season took its toll on the club’s accounts, while major outlay on the transfers and wages of players including Oscar and Eden Hazard also had an impact.

Chelsea’s matchday income fell from 77.7 million pounds to 70.7 million pounds, while the descent into the Europa League saw broadcasting income fall from 112.8 million pounds to 105.4 million pounds.

The Blues issued a robust defence of the figures, which show a 19 percent rise in annual commercial income and fail to take into account a new 300 million pound, ten-year kit deal with adidas -- with the club still confident of meeting the FFP requirement of no more than a 37.5 million-pound "deviation."

Comments

Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, photo & other personal information you make public on Facebook will appear with your comment, and may be used on ESPN's media platforms. Learn more.