Chelsea were handed a major boost as the Premier League failed to close a PSR loophole at a top-flight meeting.
Article continues below
Article continues below
Article continues below
- Chelsea handed PSR boost
- Premier League failed to alter PSR loophole
- Blues sold assets to related companies
| Follow GOAL on WhatsApp! 🟢📱 |
-
WHAT HAPPENED?
The Premier League were unable to bring changes to the existing profitability and sustainability rules (PSR), as no vote was held to alter the current regulations during a meeting on Wednesday, according to .
Advertisement
- Getty Images Sport
THE BIGGER PICTURE
With the league failing to close the loophole in the current PSR rules, Chelsea have greatly benefited. With the old rules still in practice, clubs will be able to sell assets to related firms and that revenue can be included in their accounts for the following season.
-
DID YOU KNOW?
The Blues sold two hotels in 2023 to companies related to their owners and included the revenue generated from the transaction in their submission. They also sold their women's team to a related company at a valuation of £200 million ($270m) and could show a net profit of £129.6m for the year ending on June 30, 2024.
ENJOYED THIS STORY?
Add GOAL.com as a preferred source on Google to see more of our reporting
- AFP
WHAT NEXT FOR CHELSEA?
With a huge financial boost, Chelsea will now shift their focus to the Club World Cup, where they play their first match of the tournament in the U.S. on June 16 against MLS side LAFC.
n8rngtd.top