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." New England Patriots Pro Shop . The two-time former Formula One champion downplayed his third-place finish three weeks ago in China and said progress is going slow for Ferrari as it tries to make up ground on Mercedes. Stitched Patriots Jerseys .S. - Nova Scotias Mary Fay guaranteed at least one more match and a shot at the Canadian junior curling championships final on home ice. https://www.patriotsjerseysale.com/. Dalton completed his only pass and led the Bengals to a touchdown in his only drive -- one that took four minutes to finish -- and the Cincinnati Bengals ended the preseason with a 27-10 victory over the Indianapolis Colts on Thursday night. Fake Patriots Jerseys .Leicester won 25-21 in a heated European Rugby Champions Cup group match on Sunday.Toulon said on its website on Wednesday that it decided to open an investigation after Leicester complained about the behaviour of prop Martin Castrogiovanni and fullback Delon Armitage. New England Patriots Gear . -- The Atlanta Braves are facing the possibility of losing another pitcher for the season after general manager Frank Wren said Saturday that Cory Gearrin has a serious injury to his right elbow.LONDON -- The draw for the fifth round of the FA Cup has set up intriguing clashes between Englands top four teams with Premier League leader and 10-time cup winner Arsenal hosting Liverpool and Chelsea travelling to Manchester City. Holder Wigan, which defeated Crystal Palace in the previous round, will travel to Cardiff. "No problem," Chelsea manager Jose Mourinho said of the draw after his team beat Stoke 1-0 Sunday. "If you want to be the best you have to play against the best, so its good for us. Good experience, good game, big game." There are two other all-top flight ties as Sunderland takes on Southampton and Everton hosts Swansea. Manchester City, winners iin 2011 and last years losing finalist, avoided a major shock by coming from two goals down to beat second-tier Watford 4-2 in the fourth round on Saturday.dddddddddddd Liverpool, which has won the trophy seven times, booked its place in the fifth round with a win at Bournemouth but Brendan Rodgers team lost 2-0 at the Emirates earlier this season in the league. Arsenal advanced after ousting Coventry. The games will be played on the weekend of Feb. 15-16. The two lowest-ranking teams remaining in the competition -- League One clubs Sheffield United and Preston North End -- will play each other if they win their replays against Fulham and Nottingham Forest respectively. ' ' '