Premier League approves sale of two hotels to club-owned company for £76.5m to comply with financial rules The Chelsea have revealed their latest financial statements. Revealing the sale of a hotel next to Stamford Bridge has reduced the club’s annual loss from £166.4m to £89.9m.
The two hotels have been transferred. From Chelsea to property company BlueCo 22. Which is controlled by Todd Boehly and the Clearlake Group. สมัคร ufabet reported
on Wednesday that the Premier League had given its approval after a review of the valuation found the sale of the hotels to be at “fair market value”.
The source added that Chelsea are now confident the club. Will not breach the spending cap, which the Premier League has set at £105m over three seasons. Last week, UEFA confirmed that Chelsea’s hotel sales would not count towards a Financial Fair Play (FFP) review. But the Premier League has taken a different approach. Back in mid-2014, the Premier League tried to plug a loophole. Clubs are prohibited from accounting for profits from the sale of assets to sister companies.
However only 11 clubs in the league support the rule, which would require at least 14 votes to change, meaning Chelsea’s hotel sale would not face any obstacles.