The club still showed fairly massive losses despite bringing in record amounts of revenue. We'll break this down in the coming weeks after we have some time to digest the information we've been given, but for now we'll move back on to trying to sort truth from rumor. Sneaky timing on that release Chelsea...trying to slip that by on a day where it won't be major news. Ed note: It's important to remember that operating losses are not the same thing as losses under financial fair play.