He Chelsea may be at risk of not following ‘fair play’ of UEFA after it was released that it could be recorded as income sell assets to companies with the same club owner.
Chelsea recorded in its accounts as income the sale of two hotels, worth 76 million pounds (83 million euros) to a company owned by Todd Boehly, club owner himself.
With this income Chelsea took advantage of a gray area of Premier League regulations for avoid a penalty for the registration of losses of more than 105 million pounds during the three years allowed by the English competition.
However, UEFA, as explained by the newspaper “The Times”, will not allow clubs to register as income sale of assets to sister companiesbut added that each case will be reviewed individually by an independent commission.
Should the ‘Blue’ club be sanctioned, its participation in the current competition will not be affected. conference league, where they play for a place in the group stage against Swiss team Servette.
UEFA’s financial fair play regulations are stricter than the Premier League and it only allows losses of 40 million euros in the last two years.
According to the latest accounts published by Chelsea, in April this year, the club lost 89 million of pounds in the 2022-2023 season, where they still received 81 million for their participation in the Champions League. Last season they did not play in Europe and this summer their spending on transfers did not stop with investments in players of around 200 million euros.
Source: La Verdad
I’m Rose Herman and I work as an author for Today Times Live. My expertise lies in writing about sports, a passion of mine that has been with me since childhood. As part of my job, I provide comprehensive coverage on everything from football to tennis to golf.
