Chelsea Reveal £1.4m PROFIT
CHELSEA have today reported a PROFIT of £1.4m for the last 12 months.
Since Roman bought the club back in 2003, the club had not managed to recoup more than they spent in any year leading to lots of bad press about our silly spending antics and not being able to comply with financial fair play rules.
But figures released today show the European champions (we know what we are) are in the black to the tune of £1.4million for the 12 months ending June 30 2012.
The income from the Champions League, combined with a *profit* in the transfer market, helped Chelsea overturn a poor financial record which saw us report a technical loss of £67.7m the previous year.
Chairman Bruce Buck said: "We will never forget that night in Munich and now we are celebrating serious progress off the field too.
"While we draw huge satisfaction from the achievements of the past 12 months, we are more than ever focused on continuing the story of on-field success supported by improving financial performance off the pitch."
Roberto Di Matteo added: 'We`re in favour of Financial Fair Play. We`re doing everything in our power to comply with the new rules and this is great news for the club.
"For the first time, we`ve been able to achieve a profit and that puts Chelsea in a strong position to remain competitive at domestic level but also international level."
So, to everyone giving Chelsea grief about how much we're spending, buying the title, not being able to cope with financial fair play rules, stick that in your pipe and smoke it.