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. Allan Houston Jersey . 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." Frank Ntilikina Jersey .K. Subban has picked the right time of the year to go on an offensive tear. Carmelo Anthony Jersey .Y. -- Florida Panthers captain Ed Jovanovski finally has something to show for all the pain he went through in overcoming a string of injuries that kept him sidelined for much of the past two years. http://www.nbaknicksauthority.com/courtney-lee-knicks-jersey-c-6/ .Hoffenheim forward Anthony Modeste opened the scoring on a counterattack in the 15th minute, shooting though Jaroslav Drobnys legs after Lewis Holtby lost the ball in midfield.BRISBANE, Australia -- With the Fanatics in bright yellow and raucously chanting for Lleyton Hewitt to stay on top of Roger Federer, the Brisbane International final had the surreal feel of a journey back in time. It wouldnt have seemed out of context a decade ago, when Hewitt spent 80 weeks atop the tennis rankings and Federer was yet to win a Grand Slam title. But Hewitts 6-1, 4-6, 6-3 win Sunday over his longest-standing rival on tour was clearly an upset, and delivered him his first title since 2010. The 32-year-old former No. 1s have met 27 times dating back to 1999, and Hewitt has now improved his record to nine wins against the 17-time Grand Slam champion. Federer was broken three times and committed 22 unforced errors in the first set, making some uncharacteristically basic mistakes including an air swing and two shanked forehands. He recovered in the second set and then had break-point chances in Hewitts first three service games in the deciding set, but couldnt get the vital breakthrough when he needed it most. "The way you tough it out ... congratulations," Federer said in a court-side interview. He added later that Hewitt did "a good job hanging around," "But I should have taken advantage already earlier, so I have some regrets," he said. "Its unfortunately one of those matches that got away from me." In the mens doubles event, Torontos Daniel Nestor and partner Mariusz Fyrstenberg came back from a set down to defeat Juan Sebastian Cabal and Robert Farah of Colombia 6-7(4), 6-4, 10-7. The victory gives Nestor his 82nd career ATP World Tour trophy, and marks the 21st consecutive season in which the 41-year-old has captured at least one title. It also brings his record in finals to 82-53. Hewitt received the trophy from Australian great Rod Laver, a regular at the Australian Open final presentations involving Federer over the years. "Its been a while since I won a trophy. For me to get it from you really means a lot," Hewitt said. "I dont need to congratulate Roger, he gets congratulated every week when hes up here for finals!" Hewitt had not won a title since he beat Federer in the final at Halle in 2010 and his most recent tournament victory on home soil was the 2005 Sydney International; the same year he lost the Australian Open decider to Marat Safin. That result at Halle ended a 15-match losing streak to Federer. Now he has won two of their past three matches in the twilight of an injury-affected career that peaked when he won the 2001 U.S. Open and 2002 Wimbledon titles. Federerr won the first of his four Australian Open titles in 2004, and ascended to the No. Custom New York Knicks Jerseys. 1 ranking soon after. He remained in top spot for 4 1/2 years. Hewitts ranking was projected to reach the low 40s with the win. He finished last season at No. 61 in another disrupted season after toe, foot, hand, hip and back injuries kept him off the tour for long periods between 2007 and the start of 2013. "Weve been through a rough four or five years, five different surgeries, its been tough," Hewitt said. Hewitt was the youngest qualifier ever for the Australian Open, aged 15 when he made the main draw in 1997, and won his first ATP title in Adelaide the following year at 16 -- the youngest winner in a decade on the ATP tour. He said coming back at double that age to win another Australian tournament was almost on par. "Obviously (the Adelaide title) is where it all started for me. I was 16. I was in my home town ... its hard to beat that," he said. "But then winning here at a new tournament ... Ive won nearly every tournament there is to win in Australia. "Yeah, to beat possibly the greatest player in the final means a lot. So its very hard to split them." Of his remote chance of being the first Australian since 1976 to win his home Open, Hewitt said the win over Federer "just gives me a lot more confidence going out there believing in how well Im hitting the ball at the moment and that I can matchup with the best guys." Federer, who didnt make a Grand Slam final last year for the first time since 2002 and is now ranked No. 6, said the Brisbane tournament gave him a good idea of how his preparations are going for the Australian Open. "I have a clear idea what I need to work on, and I have a clear idea where my mind and body is at," he said. "Im very hungry and eager to attack the Australian Open next week." Serena Williams retained her title in Brisbane on Saturday with a win over Australian Open champion Victoria Azarenka. Venus Williams lost the Auckland final to Ana Ivanovic, and then withdrew from her scheduled appearance at the Hobart International this week. Sloane Stephens, who withdrew from the Hopman Cup with a left wrist problem, confirmed Sunday she was pulling out of the Sydney tournament in a bid to be ready for the seasons first major. And the Sydney tournament had its first upset Sunday when American Madison Keys beat seventh-seeded Simona Halep of Romania 6-1, 6-4. Third-seeded Sara Errani beat fellow Italian Roberta Vinci 6-4 6-2 in another first-round match. 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