Chelsea annual profits

During the 2014/15 season on the 13th of November, Chelsea announced a profit of £18.4 million. They also announced a record turnover of £319.8 million for the year ended 30 June 2014. It was the second profit made in just three years and biggest since 2003, when Roman Abramovich became the owner. This £18.4 million profit is much improved on the profit made two years ago of £1.4 million. The reason for this is that Chelsea made a profit by selling players and from a strong revenue increase. The previous turnover figure was £255.8 million so there was an improvement in that area as well. There is also promising signs as this was increased for the fifth year in a row. This demonstrates the business growth and the increase in commercial income was a big factor for this growth.