Kenyon Reports That Chelsea Are Still Losing Money
Chelsea football have made a loss of £80M for the year ended June 2006, despite Russian billionaire investing £500M of his personal fortune. The losses are £60M less than the previous year, and the club believe that they are on course to achieve a break even point by 2010.
The conspicuous absence of Roman Abramovich from Stamford Bridge I recent weeks has led to rumours of a split in the camp, even an alleged bust up with Jose Mourinho. This could worry the blues faithful as should the money man disappear, so to could their on the pitch success. However the club PR department have been working overtime to put the fans at ease, according to Simon Greenberg Abramovich has been concentrating on other business commitments. Which could be seen as good news, as the money from those business commitments could be needed to help underwrite yet more losses next year.



football news said,
February 19, 2007 @ 2:35 pm
This is rare to hear.I thought chelsea is a rich club.I never thought chelsea are in debts and they will be till 2010. Even though they are in debts and loss they consistently buy costly players.How is that posible.