Posted: Friday November 9, 2012 1:11PM ; Updated: Friday November 9, 2012 1:11PM

Chelsea turns a profit, thanks to Champions League victory

Decrease font Decrease font
Enlarge font Enlarge font
Didier Drogba
After Didier Drogba and Chelsea won the Champions League this year, the club turned a profit for the first time under Roman Abramovich.
Kevin Quigley/ZUMAPress.com

LONDON (AP) -- Boosted by its first Champions League title, Chelsea has made an annual profit for the first time in the nine-year reign of Russian billionaire owner Roman Abramovich.

The English Premier League club announced a profit of $2.2 million through June 30, compared to a $109 million loss in the previous financial year.

Chelsea made $77 million from its successful Champions League campaign, which ended in a victory over Bayern Munich in Munich, and $46 million from dealings in the transfer market.

Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

 
SI.com
Hot Topics: NBA Draft Yasiel Puig NHL Playoffs NBA Playoffs Mark Cuban Jabari Parker
TM & © 2014 Time Inc. A Time Warner Company. All Rights Reserved.
Terms under which this service is provided to you. Read our privacy guidelines, your California privacy rights, and ad choices.
SI CoverRead All ArticlesBuy Cover Reprint