Chelsea Lose almost £50M in Financial Year

Chelsea remain confident that they will meet UEFA's Financial Fair Play regulations despite a near £50million loss for the last financial year, reports SkySports.

The results for the year ending June 30,
2013, show a record £255.8m turnover - the
fourth successive year it has increased -
despite the club's elimination from the
Champions League at the group stage last
season.

Chelsea enjoyed a 19 per cent rise in commercial income from £67m to £79.6m as they won the Europa League, although a
reduction in income from the success of
winning the previous year's Champions
League contributed to the £49.4m loss.

Despite that, Jose Mourinho's side will satisfy FFP regulations as the two-year
monitoring period includes the £1.4m profit
made in the 2011/12 season.

The Blues also see around £15m knocked off their overall loss in add backs, which
includes infrastructure costs, youth
development costs and charitable donations amongst other outgoings.

That brings Chelsea's losses for the period to approximately £34m, falling under the
FFP threshold of £37.5m.