Daily News Channel
Liverpool’s Premier League title hopes suffered another severe setback as they went down 2-0 to relegation strugglers Middlesbrough at the Riverside Stadium on Saturday. To complete a sorry afternoon for Rafael Benitez and his men, Chelsea grabbed a late winner at home to Wigan to leapfrog them on goal difference into second place in the English standings
Chelsea posted losses of £65.7 million ($93.91m) as they were left to count the cost of managerial departures. The results for the financial year ending on June 30, 2008 revealed that £23.1 million ($33.02m) had been paid in compensation to former Blues managers Jose Mourinho and Avram Grant and five coaching staff. They do not include the payout that Luiz Felipe Scolari is set to receive, reported to be in the region £8 million ($11.44m), following his sacking this week.