Chelsea FC Announce Record Profits For 2013-14

By iSportconnect | November 14, 2014

Chelsea FC has announced a profit of £18.4 million and a record turnover of £319.8 million for the year ended 30 June 2014.

The figures released show a second profit in three years and the largest since Roman Abramovich took ownership of the club in 2003.

These results mean Chelsea will comply with UEFA’s break-even criteria under the Financial Fair Play (FFP) regulations.

Player sales in the last year was a contributing factor in the club recording a significant profit, viagra 60mg which included Juan Mata’s £38 million move to Manchester United and David Luiz’s move to Paris St. Germain for upwards of £40 million.

The turnover figure for the Blues increased for a fifth consecutive year, even with the lack of a trophy last season.

A statement released by the club read: “The £18.4 million profit follows the £1.4 million generated two years ago with strong revenue increases during the 12-month period contributing to the figures.

“The turnover figure demonstrates that business growth continues in seasons without trophy success as well as in years when silverware is won. The new FAPL broadcasting deal contributed significantly as did commercial income.

“There was a small rise in matchday income but with Stamford Bridge filled to capacity year after year there was no scope for significant financial growth in this area.

“The latest financial results combined with those from the previous two years mean that for the second monitoring period for FFP we will fall comfortably within the limits set by UEFA.”

Chairman Bruce Buck added: “The club is naturally pleased to record a significant profit for 2013/14.

“By reaching the Champions 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 competitions.

‘We financed player purchases from sales as the squad for this current season was shaped, and our philosophy since Mr Abramovich acquired the club in 2003 has been to build upon success on the pitch.

“That is evident in the partnerships we signed and in our fanbase growth which contributed to the new record turnover figure and the profit made. We have done all of this at the same time as creating one of the world’s leading football community programmes through the Chelsea Foundation.

“Going forward, we have ambitious plans to build a pioneering global commercial programme, partnering with innovative and market-leading organisations from around the world. In the era of FFP, we must progress commercially to continue the circle of success to invest in the team and get results.’