Abramovich content with Chelsea's finances

Chelsea owner Roman Abramovich is pleased with the club's financial progress and has not lost his enthusiasm for the Barclays (sponsor) Premiership champion, according to chairman Bruce Buck. Abramovich, often seen in the stands at Chelsea matches, has missed games in the past month and there have been reports of a strained relationship with boss Jose Mourinho. However, the Russian billionaire's absence has been due to his annual holiday in the Caribbean and his role as a governor of Chukotka, a province on the far eastern tip of Siberia.
"I can assure you that his enthusiasm has not waned one iota," said Buck. "When he has been absent from matches, wherever he is, he tries to catch them on television and he is in constant touch with us. As far as we are concerned, it has been business as usual," Buck said. Chelsea's financial results for the year up to June 2006 revealed a loss of £80.2 million, compared to a loss of £140.4 million the previous year. Turnover increased from £146.6 million (2004-05) to £150 million (2005-06). Merchandising increased from £7.7 million to £11.1 million, and football activities increased from £122.7 million to £130.4 million.
"From 2005 when we developed a five-year plan, Roman Abramovich was part of that process," Buck told the club's website, www.ChelseaFC.com . "He was supportive of that plan then and he is supportive of it now. He believes and understands that the five-year plan is aggressive. Although we, the management, believe we can meet it, it is not 100% certain. He understands the vagaries of business. He is very supportive of what we are doing and pleased with our progress."