Date: 31st December 2017 at 10:49am
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When Roman Abramovich took over the ownership of Chelsea Football Club, lock, stock and barrel, the yearly financial accounts were synonymous with the word loss.

The world of football used to cast one of those knowing looks in the direction of our club, whispering such platitudes as – big money being spent to achieve success without regard for the consequences.

But, as the years have gone by, those who control the purse-strings at Stamford Bridge have turned matters around.

Yesterday, Chelsea announced that 2017 had seen them record a record turnover, a figure of £361.3 million being the figure.

The club also announced that a profit of some £15.3 million had also been recorded, a figure that was the result of making £69.2 million on transfer dealings.

Talking about the financial results, the Chelsea chairman, Bruce Buck, had this to say,

‘Our business has continued to grow long-term and to be able to post record turnover figures despite not playing Champions League football during that period highlights this strength.’

But, returning to that old cliché of buying success, its significant that in the year Chelsea won the title, they did so by also making a profit, the times certainly are a changing!

 
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