English Premiership

Chelsea woes move off-field

2015-11-23 20:28
Roman Abramovich (AFP Photo)

London - Chelsea made a loss of £23.1 million last season, the Premier League champions announced on Monday.

The west London club revealed their annual financial results until June 30, 2015 and reported the deficit kept them within Financial Fair Play limits.

The Blues, owned by Russian billionaire Roman Abramovich, announced revenues of £314.3 million, marginally down on the 2013-14 high of £319.8 million.

The figures may lead to some concern, with Chelsea 15th in the Premier League and with an unprecedented run required to secure the riches which accompany Champions League action next term.

Chelsea in November 2014 announced a profit of £18.4 million, the largest surplus during Abramovich's ownership.

The first profit of Abramovich's ownership, which began in 2003, came in the Champions League-winning year of 2012, when a £1.4 million surplus was announced.

The dip in revenues was attributed to Chelsea's exit in the first knockout stage of the Champions League to Paris Saint-Germain, following their semi-final place the previous season.

Chelsea anticipate their revenues to improve again after a reported £40 million-a-season shirt sponsorship deal with Yokohama.

"Following our Premier League championship-winning season, we expect the current year to produce record revenues once again," Chelsea said in a statement.

"These will be powered by new commercial deals, including our record-breaking partnership with Yokohama, and revenues related to this season's Champions League which improve due to entering as Premier League champions and an increase in TV revenue for English clubs."

Chelsea chairman Bruce Buck added: "Chelsea Football Club has been consistent in our intention to comply with FFP and it was a primary aim in the past financial year to be one of the clubs with a continuous record of meeting the regulations, which we have achieved."

Read more on:    chelsea  |  roman abramovich  |  soccer

What To Read Next


Read News24’s Comments Policy

Live Video Streaming
Video Highlights
Sport Talk

29 October 2016
Sunderland v Arsenal, Stadium of Light 13:30
Manchester United v Burnley, Old Trafford 16:00
Middlesbrough v Bournemouth, Riverside Stadium 16:00
West Bromwich Albion v Manchester City, The Hawthorns 16:00
Watford v Hull City, Vicarage Road 16:00
Tottenham Hotspur v Leicester City, White Hart Lane 16:00
Crystal Palace v Liverpool, Selhurst Park 18:30
30 October 2016
Everton v West Ham United, Goodison Park 15:30
Southampton v Chelsea, St. Mary's Stadium 18:00
31 October 2016
Stoke City v Swansea City, Britannia Stadium 22:00
Team P W PTS
Previous Results

Date Home Team Result Away Team

Who will claim the Premier League title at the end of the 2016/17 season?

Love 2 Meet
Sport24 on Twitter

Follow Sport24 news on Twitter


With the Absa Premiership in full swing, who will be crowned champions when all is said and done? Will Mamelodi Sundowns defend their title? Or can Kaizer Chiefs, Orlando Pirates or Bidvest Wits mount a serious challenge? Stay glued to Sport24 to find out!

Latest blogs

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

There are new stories on the homepage. Click here to see them.