Chelsea's debt write-off raises doubts over future
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By Nick Harris 30 December 2009 Chelsea continue to lose money at a greater rate than any other football club in England, with today's financial figures showing a £44.4m loss for the year 2008-09. That news was made worse by a reduction in income over the period, down year-on-year from £213.1m to £206.4m, at a time when Chelsea's main rivals Manchester United and Arsenal are improving their results each year and making big profits. Chelsea's natural reaction to the poor figures was to put some heavy positive spin on them in their
Chelsea's debt write-off raises doubts over future
Chelsea's debt write-off raises doubts over…
Chelsea's debt write-off raises doubts over future
By Nick Harris 30 December 2009 Chelsea continue to lose money at a greater rate than any other football club in England, with today's financial figures showing a £44.4m loss for the year 2008-09. That news was made worse by a reduction in income over the period, down year-on-year from £213.1m to £206.4m, at a time when Chelsea's main rivals Manchester United and Arsenal are improving their results each year and making big profits. Chelsea's natural reaction to the poor figures was to put some heavy positive spin on them in their