Chelsea announce huge profit increase of 20 million GBP

13 November 2014 10:59

Chelsea are to announce they have made a huge increase in profits in an era of Financial FairPlay.

The Blues have made a profit of £20million and made a record turnover for the club of £320million.

Today's figure, reached because of the increase in TV money, the lucrative sales of Juan Mata and David Luiz and a drive to increase commercial revenues, marks a huge jump from the £1.4m profit revealed in 2012.

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

When the Russian owner took over in 2003, the club made a long term plan that one day they would be self-sufficient from the wealthy backer.

Arguably Chelsea made the best business in the summer. The signings of Diego Costa and Cesc Fabregas addressed the issues that needed looking at, but the club also made some high profile sells for a huge profit.

Such a good announcement for Jose Mourinho’s side means that he now has some funds to spend in the January transfer window. Players such as Marco Reus and Raphael Varane have been linked to the Blues.

Source: DSG