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d. Gardiner made the cut in only seven of 23 events he playe
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LONDON -- Chelsea has posted annual losses of more than $80 million but the Premier League club remains confident of complying with UEFAs Financial Fair Play rules. The club slipped back into the red a year after making a profit for the first time since Russian billionaire owner Roman Abramovichs takeover in 2003. Chelsea lost 49.4 million pounds ($81.7 million) in the year to June 30, after making a profit of 1.4 million pounds ($2.3 million) in 2011-12. But UEFA, the governing body for European football, allows unlimited investment on infrastructure and youth development, which Chelsea believes accounted for around 15 million pounds ($25 million) in spending in 2012-13. UEFA is allowing losses of up to 45 million euros ($62 million) in the first FFP monitoring period -- 2011-2013 -- without the risk of being barred from European competitions. UEFA wants clubs to move toward breaking even on their football-related activities, and will be preparing in March and April to punish the first clubs for FFP breaches. "We will meet the stipulations set down by UEFA in their first assessment period," Chelsea chairman Bruce Buck said Tuesday in a statement giving a partial breakdown of financial results. "And by our own analysis we are progressing from a commercial viewpoint as well as continuing to add trophies to our collection, which we never lose sight of as our most important goal." The 2011-12 profit of 1.4 million pounds ($2.3 million) came on the back of generating around 90 million pounds ($149 million) from the transfer market and a successful Champions League campaign. But Chelseas UEFA income was hit despite winning the Europa League in May because the team was knocked out of the more lucrative Champions League at the group stage. So, although Chelsea posted a record turnover of 255.8 million pounds ($423 million) in 2012-13, it only rose by 100,000 pounds ($165,500). But commercial income grew 20 per cent year-on-year to 79.6 million pounds ($132 million), and there should be a more significant uplift in 2013-14 when the first year of a 300 million-pound ($497-million), 10-year contract extension with kit maker Adidas kicks in. Chelsea has also advanced beyond the Champions League group stage this season and is third in the Premier League, two points behind leader Arsenal. "For Chelsea FC to achieve a record level of turnover despite our first group-stage elimination from the Champions League shows we have structured our business and are growing in the correct way for long-term stability," chief executive Ron Gourlay said. "Our philosophy is we build upon success on the pitch and although in these financial results we havent repeated the sizeable profits made the previous year from player transfers, we believe the age profile of the existing squad means we will benefit from that investment for many years to come." http://www.thepanthersofficialstore.com/authentic-...rs-jers ey/ . In taking its goal tally to 99 in all competitions already this season, City delivered another demonstration of its lethal firepower at Etihad Stadium to set up a fourth-round match at home to another second-tier team -- Watford. http://www.thepanthersofficialstore.com/authentic-...rs-jers ey/ . After a lengthy wait, persistent rain finally forced the postponement of the Nationals game against the Miami Marlins on Saturday night. The teams, and a few thousand fans, waited nearly four hours from the 7:05 scheduled start time before an announcement was made shortly before 11 p. http://www.thepanthersofficialstore.com/authentic-...rs-jers ey/ . Ouellette, from Montreal, already has three Olympic gold medals since joining the team in 1999. http://www.thepanthersofficialstore.com/authentic-...rs-jers ey/ . The team says the Spain international has a muscle pull in his right leg. Barcelona hosts third-division side Cartagena in the return leg of their round-of-32 tie after winning their first meeting 4-1. http://www.thepanthersofficialstore.com/authentic-...rs-jers ey/ . According to a report from the Winnipeg Free Press, the Bombers will name Acting GM Kyle Walters to the post full time. PONTE VEDRA BEACH, Fla. -- Scott Gardiner of Australia had a 5-under 65 and wound up with the lead Saturday in the Web.com Tour Championship when Chesson Hadley stumbled at the end. Gardiner has played well enough in this four-tournament series that determines PGA Tour cards that he already has locked up his return to the big leagues. A win in the final event would give him top status for the 2013-14 season and a spot in The Players Championship. Hadley, who also has secured his card through Web.com Tour regular-season money list, had a two-shot lead for most of the third round on the Valley Course at the TPC Sawgrass. But he bogeyed the 17th, and then took double bogey on the last hole for a 70 that left him one shot behind with Joe Durant (68). Gardiner was at 10-under 200. The Web.com Tour Finals replaces the old version of Q-school, which finished with a six-round tournament. The top 25 from the Web.com Tour regular season are assured their PGA Tour cards, leaving 25 additional cards based on a special money list from the four tournaments. Durant was among a dozen or so players who go into the final round with a shot at getting one of thhose 25 cards.dddddddddddd Andrew Putnam, whose older brother won the money title on the Web.com Tour and is assured top status, made a hole-in-one on the tough 11th hole on his way to a 67 and was in fourth place. He likely would need to finish around 15th to get his card. Others who made big moves in the third were Andrew Loupe (67), Rod Pampling (68) and Russell Knox (68), who were tied for sixth at 6-under 204. Chad Campbell, who played on three Ryder Cup teams, had a 67 and was among those at 5-under 205. Campbell just on the outside of getting one of the 25 cards and would need another solid round Sunday. Ben Kohles also was at 205, but because he started much higher on the special money list, he wouldnt need to do as much in the final round. Alexander Rocha of Brazil also was on the cusp of a card until making bogey on half of his holes for a 78 that took him out of contention for a card. Gardiner made the cut in only seven of 23 events he played in his rookie season on the PGA Tour. But he tied for third in the first event of the Web.com Tour Finals and came into the final event at No. 11 on the money list. Cheap China Jerseys Cheap NFL Jerseys Cheap NFL Jerseys China Cheap Jerseys From China China NFL Jerseys Cheap Jerseys Cheap Jerseys China ' ' '
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