Chelsea make ‘complete mockery’ of rules as new deal confirmed – Kieran Maguire
Chelsea have been allowed to make a “complete mockery” of financial rules because the Premier League decided not to use regulations used in other leagues.
That is the view of finance expert Kieran Maguire, who exclusively told Football Insider that Chelsea’s training ground sale has made a new loophole available to any club.
As revealed by finance expert Stefan Borson, Chelsea have appeared to loophole PSR by selling their Cobham Training Ground to a sister company.
It has now been confirmed that Chelsea have sold one of the five parts of their training ground to Blueco 22 Properties Limited.
The sale will allow Chelsea to record a profit on their club accounts and potentially avoid a breach of the financial regulations.
Chelsea have mocked Premier League rules with new deal
Maguire explained that such deals make a “complete mockery” of the rules and the Premier League are at fault for not adopting regulations used in other leagues.
“If the Premier League wants PSR to have credibility, the sale of assets to sister companies makes a complete mockery of the rules,” Maguire told Football Insider’s Sean Fisher.
“It mocks the idea of profitability and sustainability, because how can any business be sustainable if it sells off the main asset which it uses to generate revenues in the form of real estate?
“The self-regulation and self-interest of the Premier League means that they have chosen not to follow the rules which are used elsewhere in football.
“In doing so, they have now made a loophole for anybody that chooses to adopt it.“
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