Sorry, I only read the headline on the Chelsea website - Chelsea becomes cash positive!
They didn't balance the books did they? In fact weren't they suspiciously close to one Torres plus one Luiz in the red?
No, they made an 68.6mil loss, cash positive will just mean physicall the cash that came in was more than the money that went out in the calender year.
IE, they spent 50mil this year on Torres, but that cost is amortized over say a 5 year contract. The cash leaves today, this year, at 50mil, but each year its counted on the books as a 10mil loss. So in 5 years time they can make a "loss" of 10mil due to a player transfer, have incoming money of say 50million, and wages of 45million.
That would leave you with 5mil positive cashflow, but a 5mil loss on the books.
I'm not entirely sure why its done that way but there you go.
Of the 68.6mil loss, 70.9mil was transfer fee's from previous transfers.
When those transfers are done they'd have been 2.3mil in profit for the year(and have circa 70mil positive cash balance).
The uefa fair play rules take into account loss/profit though, NOT positive cash flow.
Remember Utd have something silly like 140mil in the bank as "cash" from sales of players, they then pay for players from a different account.
