Chelseamay be in danger of not complying with UEFA’s financial fair play after it had rejected the possibility of recording as income the sale of assets to companies owned by the same club. Chelsea recorded in its accounts as income the sale of two hotels, valued at 76 million pounds (83 million euros) to a company owned by Todd Boehly, owner of the club itself.
With this income, Chelsea took advantage of a grey areaof the Premier League regulations to avoid a penalty for recording losses exceeding the 105 million pounds over three years permitted by the English competition.
However, UEFA, as the newspaper explains, The Times, will not allow clubs to record sales of assets to sister companies as incomebut added that each case will be analysed individually by an independent commission. If the ‘Blue’ club is sanctioned, it will not affect its participation in the current Conference League, where they are playing for a place in the group stage against Swiss side Servette.
UEFA’s financial fair play regulations are stricter than those of the Premier League and It only allows losses of 40 million euros in the last two yearsAccording to the latest accounts published by Chelsea in April this year, the club lost £89m in the 2022-2023 season, in which they still received £81m for their participation in the Champions League. Last season they did not play in Europe and this summer their spending on transfers has not stopped with investments in players of around 200 million euros.
