Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Chelsea's losses decline to $71 million
December 31st, 2009 12:52PM

MOST READ
TAGS:  england

MOST COMMENTED

[MONEY MATTERS] English Premier League leader Chelsea lost almost $71 million in the last year, including $20 million paid to Brazilian manager Luiz Felipe Scolari and his coaching staff after he was fired in February. The good news: the $544 million loan from the parent company owned by Russian billionaire Roman Abramovich has been turned into equity and had made the club "debt free."

"The club's debt load has been reduced almost to nil in order to provide more long-term stability," Chelsea's American chairman, Bruce Buck, said in a statement. "The reduction will also enable the club to comply with any regulations on debt levels which are being discussed by the football community."

Chelsea's losses exceeded $100 million last year.

 

 



No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Soccer America Daily
2014 NPSL All-League Team    
[AWARDS] Two players each from the NPSL finalists New York Red Bulls U-23s (Victor Manosalvas and ...
U.S. women to face Mexico twice in September    
[DATEBOOK] The U.S. women's national team has scheduled its second and third pre-Women's World Cup qualifying ...
MLS: Three games to watch    
[PREVIEW: Week 21] The MLS weekend schedule, which again includes a Friday night special (Philadelphia-Sporting Kansas ...
Bayern edges Chivas without World Cup stars    
[INTERNATIONAL FRIENDLIES] Peruvian Claudio Pizarro scored in the 10th minute to give German champion Bayern Munich ...
Quakes make investment in Argentine Perez Garcia    
[MLS: Thursday] In need of an offensive spark, the San Jose Earthquakes have signed 29-year-old Argentine ...
U.S. U-17s earn first win in Denmark    
[OPEN NORDIC TOURNAMENT] After losing its first two games to host Denmark and Norway, the U.S. ...
Kiss on the Neck: Sportsmanship taken to new level?    
[VIDEO PICK: Off the Post] After a pair of players clashed in a Copa do Brazil ...
Super Solo Effort in FA Women's Super League    
[VIDEO PICK: Golazo] Manchester City’s 17-year-old midfielder, Natasha Flint, took the ball in our own half, ...
Women's World Cup dress rehearsal begins Tuesday    
[COUNTDOWN: Canada 2014] Twelve years after hosting the first FIFA youth championship for women, Canada will ...
ESPN will broadcast 17 U-20 Women's World Cup matches    
[SOCCER ON THE AIR] In its last FIFA world championship before rights revert to Fox next ...
>> Soccer America Daily Archives