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Chelsea playing fairly despite loss

DESPITE announcing the club has made a loss of £49.4m in the last financial year, Chelsea insist they still satisfy UEFA's Financial Fair Play regulations.

The financial results for the year ending June 30 2013, show a record £255.8m turnover - the fourth successive year it has increased - despite exiting the Champions League at the 2012/13 group stage.

The club, though, will satisfy FFP regulations as the two-year monitoring period includes the £1.4m profit made in 2011/12, and they will also have around £15m knocked off their loss in add backs, which include infrastructure costs and youth expenditure.

Meanwhile, Michael Essien could leave Chelsea this transfer window, his agent revealed, with his future likely to be settled within 10 days.

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Finance

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