Member Article

Chelsea post multi-million pound loss following 2014/15 Champion’s League knockout

Chelsea FC reported a loss of £23.1m for the financial year ending 30 June 2015, despite a record profit last year of £18.4m.

The club, which won the Premier League last season, saw revenue remain steady at £314.3m, a slight drop from the previous year’s record turnover of £319.8m.

Chelsea attributed the poor financial performance to its elimination from the 2014/15 Champions League in the first knockout round.

The club, owned by Russian billionaire Roman Abramovich, is optimistic about Chelsea’s revenues following after a reported £40m-a-season shirt sponsorship deal.

Chelsea’s 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 fan base around the world and the tremendous support the team received at home and away matches in 2014-15.

“Our programme of partnering with world-renowned and innovative market-leaders is accelerating and the beneficial impact made by the Chelsea Foundation in more than 30 countries continues to set the top standard. We thank our fans for another season of sell-out attendances at Stamford Bridge in 2014-15 and for our support everywhere. We hope they enjoyed what was a very successful year.”

This was posted in Bdaily's Members' News section by Ellen Forster .