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Chelsea Financials

Peter Kenyon wants to get Chelski off the Roman money train soon and believes that they can make real progress by next summer before finally completing the task in 2011 or so:

"The long-term plan here was always that we needed to be profitable, non-loss-making and self-funding. In terms of breaking even, I think it will be 2010-11 but, this year, we're very clear about achieving no-funding targets from the owner. It's a process we believe can be achieved by the end of this season. I think we'll be growing revenue. All that these difficult financial times have made us do is look at ways to accelerate things. Roman remains absolutely committed and absolutely passionate about the club, but he's also a very good businessman, which is why he had enough money to put £600m into the club in the first place. What we're doing here is the right and prudent thing to do to make sure Chelsea is in the right position."

 

I hope they can pull this off - it will be good for the game.

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