Does roman abramovich make money from chelsea
Friday 9 November While the acquisitions of Gary Cahill and Juan Mata were included in this set of accounts, the summer splurge on Oscar, Eden Hazard and Victor Moses was not. For accounting purposes, incoming transfers are amortised over the length of their contract while sales can be banked immediately.
While Chelsea do not reveal individual transfer fees, the profit has been put down to the sales of Yuri Zhirkov to Anzhi Makhachkala, Alex to Paris Saint-Germain and Slobodan Rajkovic to Hamburg.
The figures indicate Chelsea will have to walk a financial tightrope in order to comply with FFP, but the club believe they can marry continuing investment in the squad with breaking even. Many clubs are hoping the Premier League will introduce its own rules to help curb wage inflation.
Given the constraints of Chelsea's relatively small stadium compared to their Premier League rivals', they will look to make up the gap through improved commercial deals.
They have signed new contracts with Gazprom, Sauber, Delta and Audi since the last financial year. Arsenal are likely to again leapfrog Chelsea in revenue terms when they complete new shirt and stadium sponsorship deals in to replace long-term contracts agreed with Nike and Emirates to underwrite the move to their new stadium.
We had that success on the field this year, as we were the first London team to win the Uefa Champions League, and we enjoyed it off the field as well and this helps us inject financial investment into the team," said the chief executive, Ron Gourlay.
That does not have a bearing on FFP calculations but provides a degree of reassurance that he will not leave the club burdened with debt. The club also bought out BSkyB's stake in their joint venture digital media operation. The ability to exploit secondary media assets on an international basis is expected to become increasingly important as technology improves and global fanbases grow.
Roberto Di Matteo said the club was "doing everything in our power" to comply with Uefa's rules. International edition switch to the UK edition switch to the US edition switch to the Australia edition.
Chelsea make a profit for the first time since Russian billionaire owner Roman Abramovich took over - Telegraph
The Guardian - Back to home. This article is 4 years old.
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