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LoginChelsea aiming to 'break even' in two years
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Chelsea have admitted they face an uphill task to break even in two years' time but are refusing to revise their 'ambitious' target.
The Blues released their financial results yesterday, which revealed a record group turnover but also a loss of £74.8million for the year before June 2007.
That number is a slight improvement on the previous year, although it is not as significant as the reduction announced 12 months ago.
In the 2004-05 season, Chelsea's loss was £140million. It was then slashed to £80.2million but it has gone down by just seven per cent this time.
Chelsea have previously set a target of breaking even by 2009-10 and becoming a 'self-sustaining' club.
Full Article: http://soccernet.espn.go.com/news/story?id=510071&cc=4716
Edited by Y_Shun 22 Feb `08, 9:27PM
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