Chelsea could land points deduction after investigation update – sources

Thu 18 April 2024 17:27, UK

The Premier League are still investigating Chelsea for a potential rule breach after they sold hotels as assets for £77million, sources have told Football Insider.

The London outfit are understood to be on the brink of breaching financial regulations after their published 2022-23 financial results revealed they have suffered a loss of £90million.

Profit and Sustainability Rules state that top-flight clubs can lose a maximum of £105million over a rolling three-year period.

However, Chelsea have attempted to loophole the regulations by selling assets such as hotels to balance their PSR calculations.

They sold two hotels to a sister company also associated with the club’s ownership for a total of £76.5million to offset their major losses.

Chelsea not clear of £77m loophole with investigation underway

Their yearly accounts published to Companies House were signed off in December, but documents reveal that the Premier League have not assessed the deal as “fair market value”.

Football Insider understands that the process is still ongoing with the Premier League yet to decide whether the deal complies with their Associated Party Transaction rules.