Chelsea Football Club's financial maneuvers, including the sale of two hotels on the Stamford Bridge site to another company owned by their owner Todd Boehly, have drawn attention amidst their financial struggles. The club reported a £90 million loss and a record £404 million wage bill, the second highest in the Premier League. These sales, totaling £75.6 million, are part of efforts to comply with Financial Fair Play (FFP) and Profit Sustainability Rules (PSR), leveraging loopholes in the regulations. Additionally, Chelsea's recent transaction involving a £76.3 million hotel sale to BlueCo 22, approved by the Premier League for FFP and PSR calculations, and a £28 million transfer fee windfall from Newcastle, are strategic moves to mitigate financial pressures and avoid penalties like points deductions faced by other clubs. Chelsea also set an unwanted Premier League record amid these dire financial figures.
🚨 BREAKING: Everton have appealed against their second points deduction for breaching the Premier League's financial rules. (Source: BBC) https://t.co/ZeeYlzf8BP
🔵 @bbcmerseysport understands #EFC have today formally lodged their appeal against their second points deduction this season. The Blues lost a further two points for a financial breach last week. As per @GiuliaBould, the appeal process will now begin and must be concluded by… https://t.co/LwZYwRG91r
Chelsea have £164m clue to confidence over PSR compliance #CFC https://t.co/vwUPUxASB7
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Chelsea send firm Premier League FFP response as points deduction warning clear ahead of Everton #CFC https://t.co/ZpBEnXDDqQ
Chelsea break unwanted Premier League record with surprising financial figures revealed https://t.co/KFDXA0m5FA
Chelsea's 90 million loss puts pressure on for player sales https://t.co/VjXMwrUoq1
Finance expert sends Todd Boehly 'messy' FFP warning as Chelsea transfer priority revealed #CFC https://t.co/i2ozhYNKv9
🚨 The owners of Chelsea have sold both the hotels on the Stamford Bridge site to another company they own, generating £75.6M of income which will count towards their PSR compliance. (Source: @TeleFootball) https://t.co/RprC6P2jjI
Chelsea exploit PSR loophole by selling hotels to owners’ other company - wage bill soars to £404m, 2nd highest in PL. Full story : ⬇️⬇️⬇️ https://t.co/kXN4V7bFfA https://t.co/qjyCwgrPFQ
Chelsea’s record sales of the Boehly-Eghbali era? The two hotels on the Stamford Bridge site that raised more than Kai Havertz. The loophole culture pervading Premier League financial controls https://t.co/Gka2GBv1FZ
Chelsea break unwanted Premier League record with alarming financial figures revealed https://t.co/KFDXA0lxQ2
Chelsea's accounts show a club which has run out of runway. They have one route out. https://t.co/uAX0f0AbCl
Chelsea set unwanted Premier League record amid dire financial situation https://t.co/KFDXA0m5FA
Chelsea selling hotels to themselves to reduce losses in attempt to stay within PSR is in keeping with rules the game has allowed the clubs to create and a cost of self regulation. The ultimate related party transaction, trades that should’ve been outlawed but self interest so ..
Chelsea's £90m loss puts club under pressure to sell players - Daily Trust https://t.co/PlElXSIuwN https://t.co/NvQNtVU3t8
Chelsea completed a remarkable £76.5m deal to help offset £400m wages 💰 https://t.co/GSQL4JRBmy https://t.co/EFa2OEUmVk
Chelsea's £90m Loss Puts Club Under Pressure To Sell Players https://t.co/hy4maCbriE
Chelsea’s owners selling the hotels at Stamford Bridge to another company they own, to generate £75m that will “count towards FFP targets” is just the latest nose-thumbing to Everton, Notts Forest and other less wealthy clubs being docked points The whole FFP is a mockery!
Newcastle win triggers £28m transfer fee windfall to ease Chelsea FFP concerns #CFC https://t.co/ttokYpuPDd
🚨 Chelsea sold a hotel to BlueCo 22, another company owned by Todd Boehly, for £76.3m. The Premier League have allowed that sale to be included in Chelsea's FFP and PSR calculations. (Source: @MailSport) https://t.co/TKG1DhR7GL
Chelsea's latest accounts paint a sobering picture of their financial position. 💷 £205m amortisation costs 💷 £404m wage bill 💷 £76.3m hotel sale @Dan_Sheldon_ explains what this all means ⬇️