Chelsea’s sale of their women’s team to themselves is still being assessed by the Premier League and will not count towards UEFA’s Financial Fair Play (FFP) rules.
On Monday, Chelsea released a statement regarding their financial results for the year ending June 30, 2024, and reported a pre-tax profit of £128.4million.
They registered a profit of £198.7m through the sale of their women’s team and other subsidiaries to themselves.
Chelsea transferred ownership of their women’s team to the club’s parent company — BlueCo 22 Midco Ltd — just two days before the 2023-24 finances were due to be registered on June 30.
The club’s statement noted £198.7m had been registered as a “profit on disposal of subsidiaries”, meaning the women’s team was either sold for just shy of £200m or contributes to that overall figure.
Although the Premier League announced earlier this year that no clubs had been charged with a breach of its profitability and sustainability Rules (PSR) for 2023-24, it is still assessing the sale of Chelsea Women from a fair market value standpoint.
This is the same process that took place for the 2022-23 financial year when Chelsea sold two hotels — the Copthorne and Millennium — to a sister company in a transaction worth £76.5million. Chelsea…
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