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Chelsea set to annouce annual profit of £20m


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Runaway Premier League leaders Chelsea will take another leap forward in the next 24 hours, when they reveal a huge increase in profits.

The Blues are expected to announce annual profits of close to £20million on Thursday afternoon, coupled with a record turnover of around £320m.

The days of the west London side incurring huge losses because of spending under Russian owner Roman Abramovich appear to be at an end.

The results suggest that after a period of frantic spending to establish itself among English football's elite, the club is now maturing.

And the bounty means that boss Jose Mourinho has even more scope to strengthen his squad in January if he needs to.

Chelsea crept into the black briefly in 2012 when they turned a loss of more than £67m into a profit of £1.4m.

Chelsea: The Mourinho years

Chelsea-Manager-Jose-Mourinho.jpg VIEW GALLERY

But this year, as Mourinho's unbeaten side set a fast pace at the top of the table, they have transformed their fortunes.

The figures have been helped by the sales of Juan Mata to Manchester United in January and David Luiz to Paris Saint-Germain last summer.

Even though their stadium capacity puts them at a disadvantage in matchday revenue, their commercial activity has also increased.

Unlike fellow Premier League big-spenders Manchester City, Chelsea are in an increasingly healthy position in terms of Financial Fair Play regulations.

And Mourinho's clever dealings in the transfer market have strengthened the club's position, not weakened it.

Wow. Incredible news if true.

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Still not good enough, shouldn't of dropped points to United and City. Could of been more points clear. I blame it on Mourinhos negative coaching...

And worst part is that you know he won't ever change. We might as well quit while we're ahead...

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