Chelsea made a loss of £49.4 million ($91.79 million) in the last financial year, but the west London club says it still satisfies UEFA's Financial Fair Play regulations. The financial results for the year ending 30 June, 2013, show a record £255.8 million ($475.29 million) turnover - the fourth successive year it has increased - despite exiting the UEFA Champions League at the 2012-2013 group stage. Chelsea enjoyed a 19 per cent rise in commercial income from £67 million ($124.49 million) to £79.6 million ($147.9 million) as it won the UEFA Europa League, although a reduction in income from the success of winning the previous year's Champions League contributed to the £49.4 million loss. Despite that, Jose Mourinho's side will satisfy FFP regulations as the two-year monitoring period includes the £1.4 million ($2.6 million) profit made in the 2011-2012 season. Chelsea also sees around £15 million ($27.87 million) knocked off its overall loss in add backs, which includes infrastructure costs, youth development costs and charitable donations amongst other outgoings. That brings Chelsea's losses for the period to approximately £34 million ($63.17 million), falling under the FFP threshold of 45 million euros ($69.38 million). "From the very beginning of the current ownership of Chelsea Football Club, a long-term objective was financial sustainability, and the subsequent implementation of Financial Fair Play by UEFA and by the Premier League has brought that to the top of the agenda for football clubs," Blues chairman Bruce Buck said.
Chelsea announces $91 million loss
The World Game | Jan 1