This year, the Premier League has not done any favors for the clubs which have not respected the rules of financial fair play. Nottingham Forest and Everton have already been penalized with point withdrawals for failing to comply with these rules and other clubs could follow. Chelsea are particularly in the hot seat and must balance their finances. The Premier League allows its clubs to make losses of up to £105 million a year ($134 million), except the Blues have a deficit of £249 million ($310 million) . To remain compliant with the Premier League’s profit and sustainability rules, the London club had to find savings.
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As reported by Daily Mail, Chelsea sold two hotels to BlueCo, the company run by Chelsea owner Todd Boehly. The operation brought in 76 million pounds sterling (more than 88 million euros). With this season’s results, Chelsea will almost certainly have to sell a large number of players this summer to balance their books.
Pub. 04/13/2024 11:11 p.m. Updated 04/14/2024 03:02
2024-04-13 21:11:00
#Chelseas #surprising #avoid #sanctions
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