Premier League approves Chelsea’s £76m sale of two hotels to avoid PSR breach

Premier League approves Chelsea’s £76m sale of two hotels to avoid PSR breach …C0NTINUE READING HERE >>>

The Premier League on Wednesday, approved the sale of two hotels by Chelsea’s owners to an associated company.

In June 2023, Chelsea FC Holdings Ltd sold the Millennium and Copthorne hotels to BlueCo 22 Properties Ltd.

Both companies are owned by BlueCo 22 Ltd, which is Chelsea’s holding company.

The £76.5m received from the deal, saw Chelsea make a loss of £89.9m instead of £166.4m in their 2022/2023 accounts.

The Premier League’s financial rules allow clubs to incur a maximum…

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