Chelsea announces 23 million euros profit

Thegoalmac can reveal that Chelsea have announced a profit of €23 million and a record turnover of over €400m in their accounts for the financial year 2013-14.

Congrats to Chelsea and Mourinho on this achievement, because normally Chelsea is associated with loss not profit. Continue for the details.
It is only the second year that the Blues have recorded anything other than a loss since Roman Abramovich assumed control of the club, having announced a more modest profit of €1.75m in the 2011-12 financial year leading into the club's Champions League triumph.

A turnover of €403m is a significant rise from the total of around €300m that Chelsea posted in 2012-13 - one the club attributes to a combination of the new Premier League television deal, increased commercial income and a surplus generated by player sales.

The €23m profit is also in marked contrast to the €59m loss Chelsea announced in 2012-13, a year which saw the club exit the Champions League at the group stage for the first time under Abramovich and acquire Eden Hazard and Oscar for a combined fee of over €70m.

Commenting on the results, chairman Bruce Buck told the club's official website: "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.

"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.
That is evident in the partnerships we signed and in our fanbase growth which contributed to the new record turnover figure and the profit made. We have done all of this at the same time as creating one of the world’s leading football community programmes through the Chelsea Foundation.

"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."