LONDON -- Chelsea has posted annual losses of more than $80 million but the Premier League club remains confident of complying with UEFAs Financial Fair Play rules. Vans Slip On Cheap . The club slipped back into the red a year after making a profit for the first time since Russian billionaire owner Roman Abramovichs takeover in 2003. Chelsea lost 49.4 million pounds ($81.7 million) in the year to June 30, after making a profit of 1.4 million pounds ($2.3 million) in 2011-12. But UEFA, the governing body for European football, allows unlimited investment on infrastructure and youth development, which Chelsea believes accounted for around 15 million pounds ($25 million) in spending in 2012-13. UEFA is allowing losses of up to 45 million euros ($62 million) in the first FFP monitoring period -- 2011-2013 -- without the risk of being barred from European competitions. UEFA wants clubs to move toward breaking even on their football-related activities, and will be preparing in March and April to punish the first clubs for FFP breaches. "We will meet the stipulations set down by UEFA in their first assessment period," Chelsea chairman Bruce Buck said Tuesday in a statement giving a partial breakdown of financial results. "And by our own analysis we are progressing from a commercial viewpoint as well as continuing to add trophies to our collection, which we never lose sight of as our most important goal." The 2011-12 profit of 1.4 million pounds ($2.3 million) came on the back of generating around 90 million pounds ($149 million) from the transfer market and a successful Champions League campaign. But Chelseas UEFA income was hit despite winning the Europa League in May because the team was knocked out of the more lucrative Champions League at the group stage. So, although Chelsea posted a record turnover of 255.8 million pounds ($423 million) in 2012-13, it only rose by 100,000 pounds ($165,500). But commercial income grew 20 per cent year-on-year to 79.6 million pounds ($132 million), and there should be a more significant uplift in 2013-14 when the first year of a 300 million-pound ($497-million), 10-year contract extension with kit maker Adidas kicks in. Chelsea has also advanced beyond the Champions League group stage this season and is third in the Premier League, two points behind leader Arsenal. "For Chelsea FC to achieve a record level of turnover despite our first group-stage elimination from the Champions League shows we have structured our business and are growing in the correct way for long-term stability," chief executive Ron Gourlay said. "Our philosophy is we build upon success on the pitch and although in these financial results we havent repeated the sizeable profits made the previous year from player transfers, we believe the age profile of the existing squad means we will benefit from that investment for many years to come."Vans Old Skool Grey Sale . Braves reliever David Carpenter was also fined for throwing at Rockies outfielder Corey Dickerson in the same game, which featured several ejections, including Colorado manager Walt Weiss. Vans Sk8 Hi Sale . Eller scored the midway through the third period after Dallas scored twice to tie it, leading Canadiens to a 6-4 win over the Stars on Thursday night.KANSAS CITY, Mo. -- The Seattle Mariners reached out for six players from Triple-A Tacoma, including right-hander Erasmo Ramirez, who started Tuesday nights game against the Kansas City Royals. The Mariners also recalled right-handers Chance Ruffin and Hector Noesi and infielder Carlos Triunfel, and selected the contract of left-hander James Paxton from their top minor league club. Triple-A hitting coach Howard Johnson was added to Seattles staff for September. Mariners manager Eric Wedge said Paxton, who was 8-11 with a 4.45 ERA at Tacoma, will join a six-man rotation the rest of the season. Right-hander Taijuan Walker, who starts against the Royals on Wednesday, will likely geet one more start after that before hitting his innings limit. Vans Shoes Discount. Wedge said Brandon Maurer will take Walkers spot in the rotation when that happens. Felix Hernandez was still feeling sore after cramping up in Mondays series opener. He is still scheduled to pitch Sunday but could be pushed back until hes feeling better. Ramirez was making his ninth start and 10th appearances Tuesday night, while Noesi and Triunfel have also appeared in several games for Seattle. Ruffin hasnt been in the major leagues since 2011, and Paxton will be making his big league debut with his first appearance. Johnson is completing his first season as a coach with the Mariners. ' ' '
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Jan 06, 2020
of more than $80 million but the Pre
of more than $80 million but the Pre