Chelsea announced its annual financial results for the year ended June 30 with the club's second highest turnover figure and break-even under UEFA's Financial Fair Play regulations achieved. On revenues of £314.3M ($475.1M) for the year, a £23.1M ($35M) loss was recorded but after relevant adjustments the club is within the allowable limits of FFP, which measures expenditure against the income from football-related activities. The group turnover figure of £314.3M was down on last year's all-time record of £319.8M. Revenues fell short of that amount due to the team's relative Champions League performance (semifinal in '13-14 compared with round of 16 in '14-15). The latest turnover remains by some distance the second best in the club's history. In '13, turnover was £255.8M which itself was an increase for a fourth consecutive year. Matchday and commercial revenues for '14-15 were largely unchanged from the previous year. Following its Premier League championship-winning season, the club expects the current year to produce record revenues once again. These will be powered by new commercial deals, including its partnership with Yokohama (Chelsea).
