Chelsea made a loss of £23.1m last season but are within FFP limits
Monday 23 November 2015 18:34, UK
Premier League champions Chelsea have announced that they made a loss of £23.1m during last season's extremely successful campaign.
But the Blues ended the year with their second-highest turnover figure ever and the club says the loss is "comfortably within the allowable limits of FFP (Financial Fair Play)".
Chelsea, who also bagged the Capital One Cup last term, have revealed their results up until June 30 2015.
The London side, who are owned by Russian oligarch Roman Abramovich, announced revenues of £314.3m, marginally down on the 2013/14 high of £319.8m.
The dip in revenues was attributed to Chelsea's exit in the first knockout stage of the Champions League at the hands of Paris St-Germain, having reached the semi-finals the previous season.
To record the second highest turnover figure in the club's history despite the Champions League campaign ending at the earliest knockout round demonstrates our business is robust.
And the figures may be seen as grounds for some concern, considering Chelsea's poor start to the current season (they are currently 15th in the Premier League) means they are not certain to qualify for the 2016/17 Champions League.
However, the club are confident their revenues will improve again after a reported £40m-a-season shirt sponsorship deal with Yokohama.
A statement read: "Following our Premier League championship-winning season, we expect the current year to produce record revenues once again.
"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 said: "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.
"To record the second highest turnover figure in the club's history despite the Champions League campaign ending at the earliest knockout round demonstrates our business is robust, and is testament to good work regarding our commercial activities, our growing fanbase around the world, and the tremendous support the team received at home and away matches in 2014/15."
