Chelsea announce club profit for first time in Roman Abramovich era

Chelsea have announced a profit of £1.4million for last year - the first time the club has finished in the black in the Roman Abramovich era.

Success in the Champions League plus a profit in the transfer market has seen the club overturn a bleak financial record which saw them return a loss of £67.7m the previous year.

Club chairman Bruce Buck said: "We will never forget that night in Munich and now we are celebrating serious progress off the field too."

He added: "While we draw huge satisfaction from the achievements of the past 12 months we are more than ever focused on continuing the story of on-field success supported by improving financial performance off the pitch."