Chelsea announce financial year losses of £23.1million

Chelsea are currently 15th in the Premier League table

CHELSEA have announced losses of £23.1million in the last financial year – and the club’s turnover also fell.

 

The Stamford Bridge club declared their financial results for the year ended 30 June.

Chelsea recorded a loss of £23.1m on revenues of £314.3m for the year, and the club’s turnover also fell from £319.8m in 2014, to £314.3m this year.

The club said in a statement: “After relevant adjustments the club is comfortably within the allowable limits of Financial Fair Play. Chelsea has complied with FFP criteria throughout its monitoring periods which began with the 2011/12 season.

 

Revenue fell, Chelsea said, because the club were knocked in the round of 16 in the Champions League last year, compared to reaching the semi-finals in 2014.

In 2013, the club’s turnover was £255.8 million.

Chelsea chairman Bruce Buck said: "Chelsea 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."