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Chelsea Lost How Much?

After making a 1.4 million profit last year, Chelsea are back to making a loss for the year ended 30th June 2013.

Figures released show that although the group had a record turnover of 255.8 million the accounts show that the group made a loss of 49.4 million.

To the likes of you and me, it looks to be a huge figure but, apparently, it doesn`t contravene the Financial Fair Play rules set by UEFA.

Talking about the figures our Chief Executive, Ron Gourlay, had this to say,

'For Chelsea FC to achieve a record level of turnover, despite our first group-stage elimination from the Champions League, shows we have structured our business and are growing in the correct way for long-term stability."

'Our philosophy is that we build upon success on the pitch - and although in these financial results we haven't repeated the sizeable profits made the previous year from player transfers, we believe the age profile of the existing squad means we will benefit from that investment for many years to come.'


Whilst our chairman, Bruce Buck added,

'A long-term objective was financial sustainability, and the subsequent implementation of Financial Fair Play by UEFA and by the Premier League has brought that to the top of the agenda for football clubs."

'We are pleased therefore that we will meet the stipulations set down by UEFA in their first assessment period."

'By our own analysis, we are progressing from a commercial viewpoint as well as continuing to add trophies to our collection, which we never lose sight of as our most important goal.'


Reasons for the return to operating at a loss as opposed to a profit the year before include our failure to get into the Champions League knockout stages last season, with the Europa League not in the same cash-cow bracket.

Your thoughts on the subject would be, as usual, most appreciated.




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The Journalist

Writer: Merlin Mail feedback, articles or suggestions

Date:Tuesday December 31 2013

Time: 7:01PM

Your Comments

Its cos we got knocked out of the GS in last years CL. This is also probably why we're not getting a ST until the summer, so the 13-14 season figures stay low.
Humza_96
In relation to match revenue this isn't a surprise. Our opponents generally have higher gate receipts through a bigger stadium. This is a fact and the pith owner know it. As long as we can't generate bigger income on match days, we have a problem. A new and a bigger stadium could change the picture for the good of the club. We all love our current home but things need to change.
1970Blue
I'm hopeful we will comply with Uefa FFP,I think this just ruled our getting a striker this january until next summer...I agree with everything 1970blue said above
Hazard11
Bigger capacity is the answer we sell out every home game were missing out
herefordchelsea
Profit is a two way thing;we increase our revenue base and we try to decrease the clubs expenses.
blue5
15mil of that loss is wiped totally off as it was spent on he new state of the art youth training centre built onto cobham and the under soil heated pitches for hen as well. Thus the losses are 33mil and FFP says we could lose 38 tho period. We doing fine,also the huge Adidas deal kicks in season 2014/2015 and then we have the bt sport cash to look forward to in the conjg seasons. Football is getting richer and richer.
Dave-David
Any investment is just a brief help as we need to check on the total issue. Now things look bright for PL but a club shouldn't base plans on just a very positive outlook. What new investment can we use against our debts? Not much I'm afraid but stadiums can be built and this is a way to use FFP.
1970Blue
goes without saying; a new stadium is imperative. But this has absolutely nothing to do with our dire NEED TO BUY a striker this window @Hazard11, seeing as the FFP regime kicks off 2014/2015. Don't forget Diego Costa is valued at 35m whilst KDB is rated 15-18m; and as things stand, we need to make long term decisions on Marin, Romeu & Moses, plus Essien's contract which though runs out in the summer of 2015 can fetch 8m or thereabouts; not to talk of Demba Ba and/or Torres! You'd agree these potential sales can safely fund Costa's purchase without FFP ever being an issue, now or in the future for that matter! Or are you also suggesting this development rules out the Guarin deal too?
HGH Magic
Reports claiming that for chelsea to comply with FFP in 2013/2014 we must not loose more than 4.5m pounds ..I don't know how true though
Hazard11
The good thing with FFP is the fact that investment into stadiums isn't counted into FFP debt, well as an investment it shouldn't anyway. It is the right time to change venue and get a bigger match day income in the future.
1970Blue
I never said we aint getting a striker but until summer besides like I said in a previous thread before this announcement,i think we ll be quiet this january like last january (we might sign only guarin just like we got just demba last year)...I know we need a striker but I think it will be more difficult to get a striker in january but I am hoping we do because its neccessary
Hazard11
Okay then Hazard11, I guess that "rules out" the misinformation ;-)
HGH Magic
Group stage exit in CL, plus 15 mill was spent on youth facility development which doesn't count. So we are under the 38 mill pound limit set by FFP in 1st year. Also new sponsorship deal with addidas and BT sport money kicks in now. We are ok but we have to be clever in our dealings. Time to sell off a few of our loan squad we have all around europe.
syed230183_chelseafc
Sorry..but basing your financial success on competitions sounds crazy to me....so we lost nearly 50million quid...the excuse..we didnt get out of the group stages of the CL....sorry but you need a better financial model than that Ron....surely the winnings should be extra to your financial targets..not part of it..
Embers
Well said @embers, but you can't use that in this case because we are just about attaining financial stability and sustainability after the years of mass spending by roman and co.. When we do reach that state, we won't need to rely on the champions league money anymore. Look @ man utd, when moyes was struggling early on in the season they came out to state that they would be able to stomach not going to the champions league for a season. That's an example of what we hope to achieve.
don delsy
Chicken Feed.
THEBREEZE
The pitch owners are the biggest obstacle to our financial growth..
Ken4CFC
Spurs and now QPR too are planning new stadiums, but we are nowhere near finalising one and that is a massive concern.
syed230183_chelseafc
CL exit last year did have some effects on the figures...but who are they fooling..most part of those losses are cuz of the 70 mill spent on players this year with nearly half this amount nt being necessary...i mean they talk about sustainability and yet every time we think that this year the youth will have the chance and tht we have a squad that can be self sufficient for many years cuz of the age profile....but then they go spend money on players thats not needed...we invest vast amounts on youth development and yet none of them are being looked it or even considered and thats the real shame....if somehow we didnt comply for 14/15 on wards than we had it coming cuz we shld know by now tht nt all prbs are dealt with by throwing money at them....jose shld also learn to adapt to what he has and trust in youth which his record suggests is unlikely....traore now completed his transfer and he looked promising in preseason but sadly based on the club he will be hyped up loaned and then forgotten
Nadim Damaj
The reason Chelsea make theses losses is because we NEVER sell players. When was the last time Chelsea sold a player for a significant amount of money? I can hardly remember any. Maybe Yuri Zhirkov and that was nearly 3 years ago and only 13m. Arsenal, Man Utd, Liverpool, Spurs, Real Madrid, Barca, Bayern, Dortmund etc all sell players we just don't. If we are going to rebalance the team then we will need to sell some valuable players - Mata, Luiz, Courtois, KDB etc. to raise money.
CobhamBlue
We need to release players like KdB that are not rated highly by the manager, just let them go.We also have too many players on loan. I say sell/release some of them. Sell KdB(13m), Marin(3m), Romeu(7m), Essien(5m), Ba(5m), Kakuta(2m), PvA(7m), Pirez, Delac(1m), Walker(1m), Josh McEachran(3m). Release Lamps, Eto'o. Keep one of Betrand/Cole and sell the other, pray to God that someone comes for Torres in the Summer. Get one quality LB(I like Baines/Shaw), a CF (Diego Costa), bring back Lukaku, get a defensive DLP, recall Chalobah to the first team, give Piazon KdB's spot in the First team and loan out Astu & Traore.
SameX
Sell mata, luiz, courtois? This must be some kind of new year prank, right?
don delsy
don delsy, It's not a prank. Chelsea can't spend money they don't have. If they can't raise the money to buy new players through sponsorship, they will need to sell players to rebalance the squad. If you need to raise a lot of money you need to sell players who have a high value but are not regular starters. Mourinho's not going to sell Hazard or Oscar so who can he sell that will raise 60-70m? Mata, Courtois, Luiz. I'd rather they didn't leave but it might be the only way to get the money to buy a top striker.
CobhamBlue
Uhmm Cobham, mate what's your New Year's resolution, please? Just asking....
HGH Magic
@cobham I am assuming you haven't read daily mail's report of our financial statement. If you have then you'll know that 15m was invested into the development of the youth and infrastructures (this does not count towards ffp calculations), you'll also find out that we have a sponsorship deal with Adidas worth 300m over 10 years which we won't be implemented until next season. So after doing the maths and adding the potential tv revenue and champions league money we would receive at the end of the season, you would know that we are in line with the ffp stipulations. So no need for any big sale. This is the link: www.dailymail.co.uk/sport/football/article-2531810/Chelsea-announce-annual-loss-49-4million.html. Maybe the chief accountant of vc - @MQ would show up from planet mars and kindly explain to us for better understanding.
don delsy
don delsy, We're on course to meet FFP if we don't sign anymore players. If we want to splash out another 60m on a striker & DM then we will need to sell. If we stick with the players we have - bring back Lukaku etc we should be okay. The question is are the players on our books good enough to win the Premier League? Maybe, maybe not. But plenty of people on here want us to buy. We can't afford it unless we sell. In saying that I don't know how Man City, PSG, Monaco, Real & Barca are going to meet FFP. But nobody seem to bother about anyone other than Chelsea.
CobhamBlue
 

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