
“Same as it ever was, same as it ever was – Talking Heads. Financial analysts could be forgiven for thinking that it was the same old story at Chelsea, as the club once again reported a thumping great annual loss of £71 million, but attempted to put the usual positive spin on the results. In an attempt to prove that he was the right man to replace former chief executive Peter Kenyon, who frequently spoke of the club’s determination to break-even, the new man at the top, Ron Gourlay, claimed, ‘The reduction in operating losses and increased sales in 2009/10 shows that we are moving in the right direction.'” The Swiss Ramble
Chelsea’s Financial Fair Play Challenge
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