Chelsea release latest financial results after selling women’s team to affiliate of club’s owners for more than £150m, clearing financial rules Chelsea
announced on Monday a profit of £198.7m on the “sale of subsidiaries”. The Blues
are yet to release their full financial accounts for the 2023-24 season, but The Times believes the sale of the women’s team alone has understated the club’s profit to more than £150m.
The figure makes Chelsea the second most valuable women’s team in the world behind Angel City of the United States, which was bought for £190m last year.
Chelsea sold the women’s team to Blueco 22 Midco Ltd, the club’s owner network, on June 28, two days before the deadline for filing its latest financial results.
Last season, Chelsea lost £90.1m, but this year they made a profit of £152.5m from player sales, bringing their total profit to £128.4m.
However, Chelsea’s total revenue fell from £512.5m to £468.5m, ทางเข้า UFABET สำหรับสมาชิกใหม่ สมัครวันนี้ รับโบนัสฟรี as the men’s team failed to qualify for the Champions League.
The figures suggest Chelsea are operating at a loss of around £170m, and without the sale of the women’s team, the club would have been in breach of Premier League Financial Services Regulations (PSR).
Although they were eventually cleared of breaching Premier League rules, the report says Chelsea risked falling foul of UEFA, as the European body prohibits profits from the sale of club assets to companies affiliated with their own networks.
The Premier League previously tried to follow UEFA’s lead in enforcing the rules, but the clubs failed to vote on them. Meanwhile, Chelsea sold a hotel to a company affiliated with their own network for £76.5m.