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Chelsea Announces $29 Million Profit

  • Reuters, Friday, November 14, 2014 11:24 AM

Chelsea on Friday announced a record profit of 18.4 million pounds ($28.9 million) for the year ending Jun 30, the London club’s best return since Russian oligarch Roman Abramovich took over the club 11 years ago. According to the club’s Web site, there was also record turnover of 319.8 million pounds.

However, Reuters notes that while the sales of Juan Mata to Manchester United and David Luiz to Paris Saint-Germain for a total of 87 million pounds are included in that period, the purchases of Cesc Fabgregas from Barcelona and Diego Costa from Atletico Madrid at a total of 60 million pounds in July are not. Even so, Chelsea can claim to be within UEFA’s criteria for Financial Fair Play.

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