Chelsea
have announced a profit of £18.4m and a record turnover of £319.8m for the
year ending 30 June 2014.
Figures released on Thursday, showed the west London club recorded their
second profit in three years and the largest since Roman Abramovich took
over the club in 2003.
The club state the figures demonstrate they have satisfied UEFA’s break-even
criteria under the financial Fair Play regulations (FFP).
In a statement on the club’s website, details of the record-breaking
performance off the field were outlined, including a special reference to
their success despite failing to win a trophy last season.
Revenue
“The £18.4 million profit follows the £1.4 million generated two years ago
with strong revenue increases during the 12-month period contributing to the
figures,” the statement read.
“The turnover figure demonstrates that business growth continues in seasons
without trophy success as well as in years when silverware is won. The new
FAPL broadcasting deal contributed significantly as did commercial income.
“There was a small rise in matchday income but with Stamford Bridge filled
to capacity year after year there was no scope for significant financial
growth in this area.
“The latest financial results combined with those from the previous two
years mean that for the second monitoring period for FFP we will fall
comfortably within the limits set by UEFA.”
Progress
Chelsea chairman Bruce Buck said: “The club is naturally pleased to record a
significant profit for 2013/14.
"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.
"Going forward, we have ambitious plans to build a pioneering global
commercial programme, partnering with innovative and market-leading
organisations from around the world.
"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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