Chelsea at risk of breaching financial rules – Kieran Maguire
Chelsea may struggle to comply with Uefa’s allowable loss limit if they qualify for European football next season.
That is the view of finance expert Kieran Maguire, who exclusively told Football Insider that Chelsea’s hotel sales may be banned under Uefa’s rules.
The Blues are in position to compete for qualification to European football next season after climbing up to seventh in the Premier League table.
However, competing in Europe would require Chelsea to comply with Uefa’s financial regulations which will cap clubs to spending 80 percent of their revenue on wages and transfer fees next season.
The regulations also only allow clubs to lose a maximum of £51million over three seasons – as opposed to the £105million allowed under Premier League Profit and Sustainability Rules.
Chelsea will struggle to comply with Uefa rules next season
Maguire explained that Chelsea could fail to follow Uefa rules as the £77million of their club hotels might be prohibited.
“Chelsea will have to box clever if they do qualify for Europe,” Maguire told Football Insider’s Sean Fisher.
“The wage cap which exists in the form of the squad cost control spending is something which they should be able to deal with.
“I think what will be more challenging is whether or not Chelsea can comply with Uefa’s £51million (€60million) allowable loss over three seasons.
“It is uncertain if their hotel sales would qualify as an allowable income stream under the Uefa rules.
“What might operate in Chelsea’s favour is that Uefa’s rules are determined on a calendar year basis rather than a football season one.“
In other news, Chelsea could drop out of competition after ban threat – Kieran Maguire
For more Chelsea news, follow us on Facebook or join our brand new WhatsApp Channel for instant updates to be sent straight to your phone.