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Boosted by Champions League title, English giant Chelsea announces annual profit of $2.2M

LONDON (AP) — Boosted by its first Champions League title, Chelsea has made an annual profit for the first time in the nine-year reign of Russian billionaire owner Roman Abramovich.

The English Premier League club announced a profit of $2.2 million through June 30, compared to a $109 million loss in the previous financial year.

Chelsea made $77 million from its successful Champions League campaign, which ended in a victory over Bayern Munich in Munich, and $46 million from dealings in the transfer market.