Toli 977 Posted December 31, 2013 Share Posted December 31, 2013 Chelsea FC plc today (Tuesday) announced our financial results for the year ended 30 June 2013, which when combined with those from last year will enable the club to satisfy UEFA's break-even criteria within the Financial Fair Play regulations.A group turnover of £255.8 million for the 12-month period is a record figure for the club, despite elimination from the Champions League at the group stage last season.Although the Europa League was won, a reduction in income from that success compared with winning the Champions League in 2012 contributed to a loss for the financial year of £49.4m. A significant player trading profit and an exceptional profit on the cancellation of BSkyB shares in our digital media operation from a year earlier were also lost from this year's accounts.However, a 19 per cent rise in the club's commercial income from £67m to £79.6m is a clear indication Chelsea FC is moving in the right direction in terms of business growth, as is a turnover figure that increased for a fourth consecutive year despite diminished European competition revenue.The latest financial result combined with the previous year's profit of £1.4m means for the first monitoring period for Financial Fair Play (FFP) regulations - which spans the 2011/12 and 2012/13 seasons - we will fall comfortably within the break-even criteria set by UEFA. We have the fifth highest revenue of all football clubs in the world according to the latest published Deloitte's figures.Commercial income has benefitted from major new partnerships signed with Audi, Delta and Azimut Hotels. However, although the 10-year extension to our global partnership with adidas was announced in June 2013, the financial boost from the biggest deal to date the club has signed with a partner will be recorded from the 2013/14 accounts.Chief Executive Ron Gourlay said: 'For Chelsea FC to achieve a record level of turnover despite our first group-stage elimination from the Champions League shows we have structured our business and are growing in the correct way for long-term stability.'Our philosophy is we build upon success on the pitch and although in these financial results we haven't repeated the sizeable profits made the previous year from player transfers, we believe the age profile of the existing squad means we will benefit from that investment for many years to come.'A successful team builds awareness around the world and our increased commercial revenues in 2012/13 and new or extended partnership deals demonstrate we are working hard to capitalise on that.'Chairman Bruce Buck added: '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.'We are pleased therefore that we will meet the stipulations set down by UEFA in their first assessment period, and by our own analysis we are progressing from a commercial viewpoint as well as continuing to add trophies to our collection, which we never lose sight of as our most important goal.'http://www.chelseafc.com/news-article/article/3597982/title/annual-financial-results-announcedAccording to our report, we have no problem with FFP at the moment. Quote Link to comment Share on other sites More sharing options...
gr123 167 Posted December 31, 2013 Share Posted December 31, 2013 Could be worse. Given we went out of the champions league so early, we were never going to turn a profit. Quote Link to comment Share on other sites More sharing options...
The only place to be 11,313 Posted December 31, 2013 Share Posted December 31, 2013 Not as bad as the headline figure suggests, some promising news but mostly the same old limitations. Stamford Bridge is a bottleneck and it would be nice to win the CL every year. Quote Link to comment Share on other sites More sharing options...
Mr_President 404 Posted December 31, 2013 Share Posted December 31, 2013 Well, here's to hoping we can get the stadium improvements we need. + I hope that the club factors in the introduction of safe-standing into its plans. Quote Link to comment Share on other sites More sharing options...
laeth 527 Posted December 31, 2013 Share Posted December 31, 2013 Really need to solve this stadium capacity problem. Quote Link to comment Share on other sites More sharing options...
Fernando 6,595 Posted December 31, 2013 Share Posted December 31, 2013 The 50 million for Torres finally started to hit our accounts? Quote Link to comment Share on other sites More sharing options...
Pizy 18,994 Posted December 31, 2013 Share Posted December 31, 2013 Conveniently timed bomb to drop on the fans and Jose right as the window opens.There goes the tiny amount of hope anyone here had of us buying a striker this month. This probably confirms what I thought that we won't be spending at all until the summer. Only outgoings in January. Quote Link to comment Share on other sites More sharing options...
HD3D 1,038 Posted December 31, 2013 Share Posted December 31, 2013 Conveniently timed bomb to drop on the fans and Jose right as the window opens.There goes the tiny amount of hope anyone here had of us buying a striker this month. This probably confirms what I thought that we won't be spending at all until the summer. Only outgoings in January.If Abramovich has learned anything in his career as an investor and owner of a football club, then he will know if he buys a striker now, by the end of the year he will likely profit more than he would have if he didn't.The lack of a quality striker is our main weakness. If Chelsea gets a world class striker this January, we will be doing twice better in both PL and CL, which means more money to the club. It would be a very smart investment. Quote Link to comment Share on other sites More sharing options...
The Mak 4,459 Posted December 31, 2013 Share Posted December 31, 2013 It's not as bad as it sounds.The Blues also see around £15m knocked off their 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 £34m, falling under the FFP threshold of £37.5m. So it's actually -£34m, not 50.Couple this with the fact that we actually qualified past the CL group stages this year, which I think is £20m+ at least, and have a massive kit 10-year kit deal worth £300m (so another £30m per year) and we're fine. Big multi-million pound contracts will also be up in the coming seasons (Essien, Lampard, Cole and maybe even Torres). We don't plan to pay off anymore managers in the foreseeable future as well.Nothing to worry about. Quote Link to comment Share on other sites More sharing options...
Yeboii 1,844 Posted January 1, 2014 Share Posted January 1, 2014 It's not as bad as it sounds.So it's actually -£34m, not 50.Couple this with the fact that we actually qualified past the CL group stages this year, which I think is £20m+ at least, and have a massive kit 10-year kit deal worth £300m (so another £30m per year) and we're fine. Big multi-million pound contracts will also be up in the coming seasons (Essien, Lampard, Cole and maybe even Torres). We don't plan to pay off anymore managers in the foreseeable future as well.Nothing to worry about.You never know with the manager thing :/ Quote Link to comment Share on other sites More sharing options...
Strike 7,528 Posted January 1, 2014 Share Posted January 1, 2014 the new tv deal isn't included either. not alarmingIt's not as bad as it sounds.So it's actually -£34m, not 50.Couple this with the fact that we actually qualified past the CL group stages this year, which I think is £20m+ at least, and have a massive kit 10-year kit deal worth £300m (so another £30m per year) and we're fine. Big multi-million pound contracts will also be up in the coming seasons (Essien, Lampard, Cole and maybe even Torres). We don't plan to pay off anymore managers in the foreseeable future as well.Nothing to worry about.add to that the stockpile of young players - Romeu, Marin, Kakuta, de Bruyne, Moses etc - who won't probably make it here and will turn a profit once they are sold Quote Link to comment Share on other sites More sharing options...
didierforever 7,349 Posted January 1, 2014 Share Posted January 1, 2014 i dont get it.we lost 49.4mil this year. had a profit of 1.4m the last year.for the 2 years combined its a loss of 48mil which is 3mil more than the FFP regulated.anyone who can clear the air? Quote Link to comment Share on other sites More sharing options...
Mouri_Matic 560 Posted January 1, 2014 Share Posted January 1, 2014 There goes any fund for our new signing this Jan, don't think we will sign anyone now, maybe Guarin at a stress. And if we have a bad season or don't win the CL/BPL then in the summer too, no more expensive world class players of course we can sell Luiz and Mata, Kevin and a few other to balance the book. Quote Link to comment Share on other sites More sharing options...
We Hate Scouse 10,332 Posted January 1, 2014 Share Posted January 1, 2014 i dont get it.we lost 49.4mil this year. had a profit of 1.4m the last year.for the 2 years combined its a loss of 48mil which is 3mil more than the FFP regulated.anyone who can clear the air? The Mak quoted it earlier.The Blues also see around £15m knocked off their 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 £34m, falling under the FFP threshold of £37.5m. Quote Link to comment Share on other sites More sharing options...
Mouri_Matic 560 Posted January 1, 2014 Share Posted January 1, 2014 http://www.telegraph.co.uk/sport/football/teams/chelsea/10545301/Chelseas-50m-loss-signals-end-to-big-spending-as-club-looks-to-meet-Uefas-Financial-Fair-Play-guidelines.htmlThis is the end... Quote Link to comment Share on other sites More sharing options...
bushman 2,043 Posted January 1, 2014 Share Posted January 1, 2014 http://www.telegraph.co.uk/sport/football/teams/chelsea/10545301/Chelseas-50m-loss-signals-end-to-big-spending-as-club-looks-to-meet-Uefas-Financial-Fair-Play-guidelines.htmlThis is the end...Jeremy is an idiot who has no clue about finances. Don´t forget, the loss was calculated to June of last year. Adidas just kicked in...nothing to worry about. Since it´s Chelsea these things are reported happily. Meanwhile, Bolton is 163.8m in the hole & hardly any headlines are made. This season, win PL, semifinals of CL, bingo plenty of money around. Quote Link to comment Share on other sites More sharing options...
The only place to be 11,313 Posted January 1, 2014 Share Posted January 1, 2014 There goes any fund for our new signing this Jan, don't think we will sign anyone now, maybe Guarin at a stress. And if we have a bad season or don't win the CL/BPL then in the summer too, no more expensive world class players of course we can sell Luiz and Mata, Kevin and a few other to balance the book.http://www.telegraph.co.uk/sport/football/teams/chelsea/10545301/Chelseas-50m-loss-signals-end-to-big-spending-as-club-looks-to-meet-Uefas-Financial-Fair-Play-guidelines.htmlThis is the end...Think you're panicking unduly. The club is positioned quite nicely in real terms, and that Telegraph article is amazingly simplistic. Commercial revenues are up, tv money is about to increase dramatically and we have a lot of young assets who are growing in value. Quote Link to comment Share on other sites More sharing options...
Thendo 1,088 Posted January 1, 2014 Share Posted January 1, 2014 Would be interesting to see how much City's loss is at. Quote Link to comment Share on other sites More sharing options...
bushman 2,043 Posted January 1, 2014 Share Posted January 1, 2014 Would be interesting to see how much City's loss is at.Some say, it´s impossible to describe, unprinted. The last time, I read around 80m. Not sure if true though. Quote Link to comment Share on other sites More sharing options...
Ollie 4,400 Posted January 1, 2014 Share Posted January 1, 2014 Who cares, we're loaded! I lost 30p yesterday. Quote Link to comment Share on other sites More sharing options...
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