Chelsea FC plc today announced record group turnover of £222.3m for the year ended June 30, 2011.
The increase in revenues from the previous year's level (£205.8m) was in the main due to higher receipts from the UEFA Champions League together with a rise in income from the central FAPL television contract relating to overseas broadcasting.
The loss for the financial year was reduced from £70.9m to £67.7m.
Match day receipts and commercial revenues have held up well in the face of the continued economic turbulence faced by the wider economy.
We are well aware of our obligations under the UEFA financial fair play rules and expect the current year's profit and loss account to show a significant improvement.
The main figures were:
·Group turnover was up from £205.8m to £222.3m
·Loss for the financial year was reduced from £70.9m to £67.7m
Chief executive Ron Gourlay said: 'Achieving a record level of turnover is satisfying given the economic background against which we are operating.'
Chairman Bruce Buck added: 'The club is focused on complying with the requirements of Uefa's financial fair play regulations while maintaining its ability to challenge for major trophies. We would expect this to be reflected in our results for the current financial year.'
http://www.chelseafc.com/page/LatestNews/0,,10268~2595109,00.html
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FFP will be interesting.
Wonder what City's will be.
The increase in revenues from the previous year's level (£205.8m) was in the main due to higher receipts from the UEFA Champions League together with a rise in income from the central FAPL television contract relating to overseas broadcasting.
The loss for the financial year was reduced from £70.9m to £67.7m.
Match day receipts and commercial revenues have held up well in the face of the continued economic turbulence faced by the wider economy.
We are well aware of our obligations under the UEFA financial fair play rules and expect the current year's profit and loss account to show a significant improvement.
The main figures were:
·Group turnover was up from £205.8m to £222.3m
·Loss for the financial year was reduced from £70.9m to £67.7m
Chief executive Ron Gourlay said: 'Achieving a record level of turnover is satisfying given the economic background against which we are operating.'
Chairman Bruce Buck added: 'The club is focused on complying with the requirements of Uefa's financial fair play regulations while maintaining its ability to challenge for major trophies. We would expect this to be reflected in our results for the current financial year.'
http://www.chelseafc.com/page/LatestNews/0,,10268~2595109,00.html
__
FFP will be interesting.
Wonder what City's will be.
