Chelsea Announce Record Annual Turnover of £319.8m

The Blues have made a profit this year.

Chelsea have announced a record annual turnover of £319.8m for the year ending 30 June 2014 and a profit of £18.4m.

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It’s the second time in the past three years that the Blues have announced a profit and it is the most recorded since Roman Abramovich bought the club back in 2003.

The last profit – coming two years ago – was a much less significant £1.4m and this latest announcement shows a conscience effort from the West London club to adhere to UEFA’s Financial Fair Play ruling.

Both Manchester City and Paris Saint-Germain have been punished for breaching FFP this season and the Blues were clearly keen not to fall into the same trap.

Their turnover is also up from £255.8m from the previous year, helped significantly by new Premier League broadcasting rights and the sale of some high profile and expensive players.

Kevin de Bruyne, David Luiz and Juan Mata all left Stamford Bridge during the period at large profits and there are now signs that after a frantic spell of spending when Abramovich first arrived in the English capital, things are now settling down at the club.

“The club is naturally pleased to record a significant profit for 2013/14,” chairman Bruce Buck told the club’s website.

“By reaching the Champions League semi-final and maintaining a challenge in the Premier League until the final week of the season we demonstrated that, while improving our financial figures, we remained competitive in football’s toughest club competitions.

“We financed player purchases from sales as the squad for this current season was shaped, and our philosophy since Mr Abramovich acquired the club in 2003 has been to build upon success on the pitch.

“In the era of FFP, we must progress commercially to continue the circle of success to invest in the team and get results.”

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