Chelsea has posted annual losses of more than $80 million but the Premier League club remains confident of complying with UEFA's Financial Fair Play rules. The club slipped back into the red a year after making a profit for the first time since Russian billionaire owner Roman Abramovich's takeover in 2003. Chelsea lost 49.4 million pounds ($81.7 million) in the year to June 30, after making a profit of 1.4 million pounds ($2.3 million) in 2011-12. But UEFA allows unlimited investment on infrastructure and youth development, which Chelsea believes accounted for around 15 million pounds ($25 million) in spending in 2012-13.
via World Soccer on Yahoo Sports http://sports.yahoo.com/news/chelsea-reports-annual-losses-more-235359910--sow.html
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