Chelsea to reveal ‘significant’ losses

CHELSEA chairman Bruce Buck has revealed the club are to announce further huge financial losses today.

The club bankrolled by Russian billionaire Roman Abramovich announced a record pre-tax loss of £88 million (€128 million) 12 months ago and the figures for the past year will again show a “significant” deficit.

Abramovich’s vast personal fortune means the debt is far from a problem for the Premiership champions but the club still intend to become a profitable operation.