Chelsea makes profit in wake of CLeague win


LONDON (AP) - LONDON (AP) - Boosted by its first Champions League title, Chelsea has made an annual profit for the first time in the nine-year reign of Russian billionaire owner Roman Abramovich.

The English Premier League club announced a profit of $2.2 million through June 30, compared to a $109 million loss in the previous financial year.

Chelsea made $77 million from its successful Champions League campaign, which ended in a victory over Bayern Munich in Munich, and $46 million from dealings in the transfer market.

Copyright 2016 by STATS LLC and The Associated Press. Any commercial use or distribution without the express written consent of STATS LLC and The Associated Press is strictly prohibited.

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