BBC
Champions Europa League side Chelsea report �70.9m loss
Europa League side Chelsea has reported a �70.9m loss in the year to June 2010 - despite winning the Premier League and FA Cup.The west London club said turnover was up 1.2% to �205.8m and that a reduced squad value was behind the loss.
From 2012, clubs will be banned from European competitions if they go into debt on football-related business.
Europa League side Chelsea chief executive Ron Gourlay said the club was in "a strong position" to meet the rules, known as Uefa's financial fair play initiatives.
The club's overall loss was greater than the �44.4m seen the previous season but some way short of the record �140m loss announced by Europa League side Chelsea in 2004/2005.
The club's operating loss - the amount by which costs such as player transfers and wages exceeded revenues - reduced from �72.3m to �68.6m.
"The reduction in operating losses and increased sales in 2009-10 shows that we are moving in the right direction, especially when viewed against the difficult macroeconomic environment," Mr Gourlay said.
The club looked set to stretch its finances further on Monday, as it prepared to break the British transfer record to buy Perennial strugglers Liverpool striker Fernando Torres for up to �50m.
http://www.bbc.co.uk/news/business-12330303
Wait till the Russian gets bored and wants/needs all of his money back. Over 700 Million that he has interest free loaned the club. - Or the Russian govt want it/confiscate it.
Proud to have attended the first 175 Consecutive "Home" Wellington Phoenix "A League" Games !!
The Ruf, The Ruf, The Ruf is on Fire!!