Chelsea’s turnover and profits have plummeted in the last financial year
After winning the Premier League and League Cup Chelsea still made a £23.1m loss.
The Champions revenue fell from £319.8m to £314.3m during the last financial year ending 30th June 2014 .
The sharp decrease in revenue was due to the lack of progression in the Champions League, Chelsea were knocked out in the round of 16. The season before the blues managed to proceed all the way to the semi finals when they were knocked out by Atletico Madrid.
Despite being knocked out of the Champions League in the round of 16, the Blues recorded their second highest turnover.
“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.”
Chelsea also commented on FFP which effects every club in top divisions of football. The ruling is to prevent clubs from overspending on player recruitment and wages.
“Chelsea 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.
“After relevant adjustments the club is comfortably within the allowable limits of Financial Fair Play. Chelsea has complied with FFP criteria throughout its monitoring periods which began with the 2011/12 season.”