Blues unfazed despite £49m losses

Chelsea last night insisted they still satisfy Uefa’s Financial Fair Play regulations despite making a loss of £49.4 million (€59.3m) in the last financial year.

The financial results for the year ending June 30, 2013, show a record £255.8m (€307.4m) turnover — the fourth successive year it has increased — despite exiting the Champions League at the 2012/13 group stage.

Chelsea enjoyed a 19% rise in commercial income from £67m (€80.5m) to £79.6m (€95.6m) as they won the Europa League, although a reduction in income from the success of winning the previous year’s Champions League contributed to the £49.4m (€59.3m) loss.