CHELSEA have finally made a profit under the ownership of Roman Abramovich.
The Blues had not managed to recoup more than they spent in any year since the Russian billionaire bought the club from Ken Bates in 2003.
But figures released today show the European champions are in the black to the tune of £1.4million for the 12 months ending June 30 2012.
Success in the Champions League, combined with a profit in the transfer market, helped Chelsea overturn a bleak financial record which saw them return a loss of £67.7m the previous year.
Chairman Bruce Buck said: “We will never forget that night in Munich and now we are celebrating serious progress off the field too.
“While we draw huge satisfaction from the achievements of the past 12 months, we are more than ever focused on continuing the story of on-field success supported by improving financial performance off the pitch.”
The Sun
