Chelsea news: Stefan Borson surprised by ‘very strange’ sale twist
Chelsea’s hotel sale is unlikely to be blocked despite the transaction still not appearing as executed on the Land Registry.
That is the view of finance expert Stefan Borson, who exclusively told Football Insider it’s “very strange” the deal hasn’t shown up on the register yet after there has been no confirmation from Chelsea or the Premier League on the matter.
The west Londoners exploited a loophole last year by selling two Stamford Bridge hotels to a sister company for a total of £76.5million to offset their major losses.
Chelsea posted a loss of £90million in the 2022-23 financial year alone, with current Premier League rules stating top-flight clubs can lose a maximum of £105million over a rolling three-year period.
The Premier League side made some last-ditch sales before the latest accounting deadline on 30 June in an attempt to remain within the allowable losses limit for 2023-24.
Chelsea hotel sale likely to go through despite delay
Borson believes it’s unlikely Chelsea’s hotel sale will be turned down after a year, but he revealed it is still a possibility for the club.
He told Football Insider: “There is no confirmation from either the club, the Premier League or the Land Registry that the hotel has actually been executed as a sale.
“That’s clearly very strange because it’s now over a year since the transaction was allegedly consummated.
“But we don’t know anything about it. We don’t know if they are in arbitration.
“If they were in arbitration, why is that not finished?
“I suspect it will go through at some point. It seems unlikely that after a year it’s going to be turned down completely.
“It is possible, but it seems unlikely and they are certainly not behaving like it has been.”
In other news, winger could leave Chelsea as talks open over deal.
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