Chelsea reveal profit as fair play rules loom | Bangkok Post: news

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Chelsea reveal profit as fair play rules loom

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European champions Chelsea announced Friday a profit of pound sterling1.4 million ($2.2 million) for its year to June -- the first time they've managed to finish in the black under Russian billionaire owner Roman Abramovich. 

Chelsea owner Roman Abramovich watches his team play Stoke City at Stamford Bridge in September. The European champions Chelsea have announced a profit of £1.4 mn for last year -- the first time they've managed to finish in the black under Russian billionaire owner Roman Abramovich.

The announcement of Chelsea's improved financial position -- the previous season they reported a loss of pound sterling67.7 million - is timely given the looming introduction of financial fair players rules by European football governing body UEFA designed to ensure clubs in continental competitions break even.

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