Sydney FC
Shandong Luneng Taishan
Leg 2Aggregate: 3 - 3
Game Details
Pumas UNAM
Independiente del Valle
(3) 2
(5) 1
Leg 2Aggregate: 3 - 3Independiente del Valle wins 5-3 on Penalty Kicks.
Game Details
3:00 PM UTC
Game Details
Congo DR
6:00 PM UTC
Game Details
United States
12:00 AM UTC May 26, 2016
Game Details
Orlando City SC
Philadelphia Union
11:30 PM UTC
Game Details

Euro 2016 full squad lists

Euro 2016

Marcotti: Postecoglou is a battler

ESPN FC United

Cech: Ozil's a nightmare for keepers


Mihajlovic confirmed as Torino manager


Yokhin: Xhaka has real talent

ESPN FC United

Arnautovic future on Stoke agenda


Chelsea debt free

Chelsea have announced that, as of the end of 2009, the club have cleared virtually all of their outstanding £340 million debt, and also revealed reduced losses for a fourth consecutive year.

Losses for the financial year were reduced from £65.7 million to £44.4 million, despite turnover falling from £213.1 million to £206.4 million.

A statement on the club's official website said: "The group results reveal that following previous conversions of half of the debt, the remainder of the interest-free loans from the parent company, whose ultimate controlling party is Roman Abramovich, have been converted into equity making the group effectively debt free.

"This demonstrates the continuing commitment from the shareholder to the group.

"Revenues remain stable despite the economic climate and reflect the strength of the team, its continued success and the attractiveness of the FA Premier League allied with the continued allegiance of our fans and commercial partners.

In a year that saw Chelsea spend little in the transfer market, the club's cash outflow was reduced from £107.4 million to £16.9 million, while the completion of projects such as the development of the training centre at Cobham reduced net capital expenditure from £85.1 million to £4.2 million.

Included in the results was the £12.6 million "exceptional" compensation payment made to sacked former boss Luis Felipe Scolari and three of his first-team coaches.

"The club's debt load has been reduced almost to nil in order to provide more long-term stability for the club," Chelsea chairman Bruce Buck said.

"The reduction will also enable the club to comply with any regulations on debt levels which are being discussed by the football community."

Chelsea chief executive Ron Gourlay said: "It is still our aim to be self-sufficient and we will achieve this by increasing our revenues as we continue to leverage off our brand. We are reducing our costs by controlling expenses, including salaries and wages."


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.