CHELSEA made a loss of 23.1 million pounds (US$34.9 million) last season, the Premier League champions announced Monday.

    The club revealed its annual financial results until June 30, 2015. The figures may lead to some concern, with Chelsea 15th in the Premier League.

    Chelsea in November 2014 announced a profit of 18.4 million pounds, the largest surplus during Russian billionaire Roman Abramovich’s ownership.

    The first profit of Abramovich’s ownership, which began in 2003, came in the Champions League-winning year of 2012, when a 1.4-million-pound surplus was announced.

    The dip in revenues was attributed to Chelsea’s exit in the first knockout stage of the Champions League to Paris Saint-Germain, following their semifinal place the previous season.

    Chelsea anticipate their revenues to improve again after a reported 40-million-pound-a-season shirt sponsorship deal with Yokohama.(SD-Agencies)