Chelsea announce £65.7m losses for 2007/08

English giants Chelsea FC have announced losses for £65.7m for the financial year ended 30 June 2008. The London club also revealed that half of the interest free loans taken from Chelsea Ltd ( owner Roman Abramovich) had been converted into equity. Chelsea’s financial losses over the years :- 2004/05 financial loss :-£140m 2005/06 financial … Read more