Chelsea FC Reveal £1.4m Profit

Chelsea Football club has announced its financial details for the year ending on 30th June, revealing a profit of £1.4m. It is the first time the club has made a profit since owner Roman Abramovich took over in 2003. 

The club, which announced a loss of £140m in 2005, revealed a group turnover of £255.7m this year following a successful season in which they won the Champions League as well as the FA Cup. 

The profit comes after a £67.7m loss in the previous financial year and the club says it is now in compliance with the UEFA’s Financial Fair Play criteria. 

Bruce Buck, Chelsea’s club chairman said: ‘We will never forget that night in Munich and now we are celebrating serious progress off the field, too…we are more than ever focused on continuing the story of on-field success supported by improving financial performance off the pitch.’

A statement from the club said: ‘The club enjoyed an uplift in revenues from commercial activities including new partners and merchandising. The club also negotiated a deal with BSkyB to acquire its interest in Chelsea Digital Media Ltd. This deal allows the club to have full control of our digital media strategy.’

Chelsea were held to a draw by Liverpool on Sunday at Stamford Bridge, leaving them three points adrift of Premiership leaders Manchester United.