Chelsea post $130 million loss – but insist they WILL stay within Financial Fair Play limits

Chelsea have posted losses of £96.8million (US$128.3 million), although the club owned by Russian billionaire Roman Abramovich insist they are not in danger of breaching UEFA’s Financial Fair Play (FFP) limits. The Blues released their results for the financial year (ending June 30, 2019) just hours before the New Year. The figures made mixed reading as turnover increased from £443.4 million to £446.7 million, but outgoings meant that the Blues posted an overall loss of almost £100 million. In a statement, Chelsea said the negative balance “reflected a...