Controversy Surrounding Chelsea’s Sale of Hotels Raises Questions in British Football Clubs

The latest publication of accounts from the clubs in the British country has given a lot to talk about. After this event, many different issues have attracted the attention, but the most popular thing in recent days is that Chelsea sold two hotels valued at 88 million euros to a company belonging to the same business holding company that maintains, the blue entity, in possession, according to the DailyMail.

That is, Chelsea, as a club owned by BlueCo (a consortium of different companies), sold two large properties to another of BlueCo’s own companies, precisely to Blueco 22 Properties Limited (subsidiary).

The Stamford Bridge club insists that the transaction was carried out within the legal framework of the Premier League, and with prior authorization and inspection by the organization. In addition, they allege that two independent appraisers were hired to carry out the valuation of the assets involved in the operation.

Todd Boelhy, top manager of Chelsea FC.

Now, the rest of the Premier League clubs have become enraged. According to the English newspaper, the news first came as a surprise, and later generated all kinds of complaints towards the organization. This is a sale to reduce the large losses of recent months with the club.

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Even so, it does not seem that Chelsea can get ‘a big slice’ from this operation. The losses continue to be large, such as the spending on agents and intermediaries in this season’s transfer markets, to the point of being forced to sell players in the summer in order to save the situation.

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2024-04-15 02:40:31
#Premier #League #angry #Chelsea

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