Premier League 2008/09

[Kula]

Cytat:Chelsea remains some way short of its target of breaking even by 2010 after revealing a £65.7m loss for the financial year to the end of June 2008. The losses, down almost £20m from the £74.8m recorded the previous year, include £23.7m in compensation payments to managers José Mourinho and Avram Grant. Scolari's pay off of £7.5m, which could grow to £10m when his support staff are added in, is not included in these figures. The £66m continues the downward trend since the club posted record losses of £140m in 2005, and would have been 43 per cent down on the previous year without the pay-outs. The biggest barrier to reaching the break even target is a squad that needs rebuilding and has saddled the club with a wages-to-turnover ratio of 70 per cent, among the highest in the league. The club intends to finance the bulk of summer transfers from day-to-day revenue or from the proceeds of player sales, but major acquisitions will still require assistance from Roman Abramovich. Turnover was up 12 per cent to £213.1m largely due to the increased value of the Premiership's television deal, which brought the club £46m during the season, and the run to the Champions League final. With the stadium at capacity and commercial deals for the next year already signed it will be harder to secure comparable turnover increases in 2008-9.

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