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Chelsea Reveal £1.4m PROFIT

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.

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Click here to join in the debate on the club forum.

Writer:DJDUTTS
Date:Saturday November 10 2012
Time: 12:32AM

Comments

0
No spam please. Merlin, please delete the user: znmfdasuia
djdutts
10/11/2012 02:16:00
0
Excellent news , hope we make more :)
CFCTalal
10/11/2012 02:32:00
0
Pleasantly surprised when I first read the news. It means that we are unlikely to go the Leeds or Portsmouth way.
Blue Day
10/11/2012 02:46:00
0
McEachran's attempt on goal of the season here: http://www.firstpost.com/topic/person/alex-ferguson-josh-mceachran-amazing-run-middlesbrough-v-sheffield-w-video-9tDNCA-rEWo-329-1.html
Puttinuttan
10/11/2012 04:04:00
0
Good news. But how did we make profit in the transfer market?
BOTUM
10/11/2012 04:05:00
0
Chelsea, who have yet to release their accounts in full, claimed a £28.8m profit on transfers in 2011-12 and recorded record revenue. That figure of £255.7m is the fifth largest in Europe and takes them above Arsenal for the first time. Only Manchester United, with £320m, have a larger income in England. It is a rise of more than £30m on the previous year and is down to the transfer profit and the Champions League success, which earned the club £12m in TV monies alone.
djdutts
10/11/2012 04:45:00
0
OH NO! We have PROFIT!!! Please don't we turn into Arsenal!!!! PLEASE NO!!!!!
I am Number 7
10/11/2012 04:47:00
0
@Puttinuttan.. dat was some run... had he scored... could have been the goal of the season...
peacockblue
10/11/2012 05:25:00
0
Josh is turning into some player....his place is at chelsea for sure...this chelsea team will be scary soon enough..but i am so happy for josh...that he is not doing a kakuta...praise God!!
layorh12
10/11/2012 05:41:00
0
Tank God 4 Josh.. Hopefully he could build a partnership with either mikel or ramires...
Topjosh131
10/11/2012 06:42:00
0
this proves the you we can win trophies and make profit simultaneously unlike some london club that ONLY makes profit without winning anything.... Right now, i feel so proud to be BLUE.
torvicson
10/11/2012 07:32:00
0
Good news,hope this rags will have something positive to say about us. KTBFFH
papiblue
10/11/2012 07:33:00
0
This shows that chelsea are moving in the right direction and we must brace ourselves for better times to come. Profits for the first time in 10 years? That is good news.
Kendemsblue
10/11/2012 08:05:00
0
How much did spurs make? Coming fourth on the premier league table must sure have its financial profits too won't it? Haa! We know what we are, we are the champions of europe and the pride of london. Guys I'll love it if we start writing it like the way I did now, WE ARE THE CHAMPIONS OF EUROPE AND THE ONLY PRIDE OF LONDON
Desmondadonis
10/11/2012 08:15:00
0
Good News!!!
chuks09
10/11/2012 08:50:00
0
Hope Josh keep Improving, coz i'll love to see him claiming a starting place here.
chuks09
10/11/2012 08:54:00
0
Well it only took winning the CL and not including the combined signings of Moses, Hazard and Oscar in the figures.(£100m+ including agent fees, sgning on fees etc) Congratulations!
HuddersfieldYiddo
10/11/2012 09:41:00
0
Huddersfield, u are just grabbing at straws and doing a guess work, it doesn't count in here, back ur points with facts, hazard was bought for £32m plus agent fees which sir red nose couldn't pay and ur miser owner, oscar was bought for €25m=£19.6m,moses was bought for £9m, marin was bought for £7m and that's about £67.6m pounds. Consider urself enlightened pal
Desmondadonis
10/11/2012 10:01:00
0
hahahahahaha... The haters are already here. We've just proved to everyone that we can splash money on quality players, win trophies and still make profit financially. This must be really painful for our london neighbours..... ROFLMAO
torvicson
10/11/2012 10:18:00
0
So we've been criticised for always being in the red and not being self sufficient. Now that we've made a profit, what will the haters say? That it's not a big enough profit? Stick that up your arse. All this wishful thinking that Roman will eventually get bored, get real. The man spent 70 million quids this summer, 8 years after he took the club over. Doesn't seem like he's bored to me! As for us Chelsea fans, I hope that you now realise how big that Drogba penalty kick was for the club. He assured our future for the next 10 years at least with a simple kick in a football. Absolute legend. LEGEND!!!!
FrLamp
10/11/2012 12:09:00
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