Chelsea announce profit

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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. 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."

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